Given President Trump’s demands on Federal Reserve Chairmen to make as much credit available as he wants with the lowest interest rates possible, his nomination of Kevin Warsh as Federal Reserve Chairman is a head scratcher. President Trump obviously is pursuing a very costly war at a time when the U.S. debt is soaring and even at still low interest rates the U.S. Government is spending more for interest on its debt than for defense. President Trump wants at least enough money sloshing around in the economy to keep the economy growing strongly. So why did he nominate a Federal Reserve Chairman that blames inflation on the Fed for creating way too much money?

Chris Temple may have some answers as well as warnings of what to expect for stocks, bonds, precious metals and commodities as Mr. Warsh is caught between the very real possibility of a credit crisis if he is too hawkish on credit or massive hostility from bond vigilantes who are as mad as can be from the early days of what appears to be a secular bond bear market.

Time spent on hearing Chris Temple’s views may serve you well in planning your own investment strategy in a new era of responsible Federal Reserve policies. I hope you enjoy and prosper from my interview with Chris.

Best wishes,
Jay Taylor