Q: Like most people, I am worried about Trump tampering with the fed. That being said, I noticed in a recent article, that the people Trump has in mind for Powell's post tend to look more at forecasting rather than recent data. How much of this is spin and how much is forecasting a legitimate approach for the fed?
5i Research Answer:
It increasingly looks like they will wait out Powell's term which is comforting to some degree. On potential replacements, Warsh or Hassett seem to be in line for the role and we don't think there are any outright reasons to be concerned with either candidates.