Free Republic

U.S. President-elect Donald Trump floated the idea of appointing Kevin Warsh as Treasury Secretary on the understanding that he could later be Federal Reserve Chairman, The Wall Street Journal reported, citing people familiar with the matter.The potential arrangement was discussed between Trump and Warsh, a former investment banker who served on the Federal Reserve Board, at Trump's Mar-a-Lago retreat on Wednesday, the Thursday report added.Trump is also thinking about appointing Scott Bessent, a longtime hedge fund investor who taught at Yale University for several years, to lead the White House National Economic Council before he could be nominated to replace...

WASHINGTON (AP) - President Bush is nominating Randall Kroszner and Kevin Warsh to fill two vacancies on the Federal Reserve's board of governors. With the nominations announced Friday, Bush will have nominated or re-nominated all seven members of the Fed board including selecting Ben Bernanke to take over as chairman of the Fed from Alan Greenspan, who is retiring Tuesday after 18 1/2 years in the job. Kroszner, 43, is an economics professor in the University of Chicago's graduate school of business and a previous member of the Council of Economic Advisers. He directs the university's George J. Stigler Center...

The White House on Friday nominated Randall S. Kroszner, a conservative economics professor from the University of Chicago Graduate School of Business, to fill one of two vacancies on the seven-member Federal Reserve Board of Governors. --snip-- "We're on different sides of the aisle, but he's extremely intelligent," said Goolsbee. "He's one of the two or three people in the world you'd turn to on banking regulation. I think any economist who knows Randy would say `Wow, what a good choice.'" --snip-- Kashyap said Kroszner has a libertarian bent when it comes to issues like taxation and entitlement programs. He...