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Kevin Warsh served on the Federal Reserve's board of governors from 2006 - 2011. Warsh previously had a reputation for being an inflation "hawk." More recently, he opined that the Fed should cut rates faster. Warsh has been very critical of the Fed and has promised to make wholesale changes to the central bank.
Rieder must have answered some questions incorrectly in yesterday's interview. Probably refused to make a compact with the devil.
However, one wonders why anyone would want a job where the guy who nominated you for the position later refers to you in public as: "a knucklehead", "a numbskull", "stupid", "incompetent", "crooked", and "a jerk".
I can go online and get called those things. No need to show up at work.
Comments
I thought it might be beneficial to create a dedicated thread for this.
Warsh's affiliation with Hoover should be disqualifying all by itself.
Paul Krugman provides some interesting information regarding Mr. Warsh.
However, one wonders why anyone would want a job where the guy who nominated you for the position later refers to you in public as: "a knucklehead", "a numbskull", "stupid", "incompetent", "crooked", and "a jerk".
I can go online and get called those things. No need to show up at work.
Mr. Rieder may now have the time to investigate recent events at BlackRock TCP Capital.
https://www.mutualfundobserver.com/discuss/discussion/65488/blackrock-bdc-slashes-nav#latest