What I did not hear last night: who will be your pick for chairman of the Council of Economic Advisors? Who will be the director of the National Economic Council? Who would you select as chairman of the Board of Governors-Federal Reserve System? Who will you choose as Treasury secretary?
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The pushback to the above request is, “But it’s too early to have a short list.” The irony is that those who push back on the idea of providing a short list expected more economic policy details from the candidate they are not supporting.
A short list is the most important economic policy statement a candidate can provide today.
A red flag for me was raised when both Ms. Harris and Mr. Trump skirted the first question they received during the debate, a question that encompassed the number issue for Americans.
Neither candidate is an expert on the economy. Neither candidate is very unlikely to have a working definition for the term, “economy.”
All the more reason why having some idea as to the most important players in a transition of power next January is crucial. It will tell economic actors including traders, investors, and the banks what Ms. Harris or Mr. Trump’s true north is when guiding the political economy.
Alton Drew
11 September 2024
Lawyers Write the Bets. Bankers Sell the Bets. 