Neel Kashkari’s Views Are Closer To Trump’s Than Any Other Fed Candidate

Bond fund manager Jeffrey Gundlach thinks Donald Trump will pick Neel Kashkari to be the next chairman of the Federal Reserve. That might not be as far-fetched as it seems. Although Kashkari is not considered one of the leading candidates for the job, his views may be closer to the president’s than any of those thought to be on the White House’s short-list. Gundlach, who was one of the few big-time money managers who predicted the election of Trump, made his prediction at a Vanity Fair conference in Los Angeles Tuesday. “I actually have a very non-consensus point of view. I think it’s going to be Neel Kashkari,” the CEO of Doubline Capital said, according to a CNBC report. “He happens to be the most easy money guy that in the Federal Reserve system today and that’s why he may win.” Kashkari is not officially under consideration for the post, according to White House sources. The president has met with former Fed governor Kevin Warsh and current Fed governor Jerome Powell to discuss the position. He has also said that he would consider re-appointing current chair Janet Yellen. Gary Cohn, the director of the National Economic Council, was considered to
Continue reading…