One Quibbl Closes, Another Opens
Major political questions about the new Fed chair, the governor’s race in Virginia and a possible twist in the Mueller investigation
By Jonathan Silverman
Monetary policy, such as what it costs to borrow dollars from your local bank to finance your latest not-so-free enterprise, is determined by the Board of Governors of the Federal Reserve System. The Chairman of the Board is appointed by the President of the United States. Last week, it was up to President Trump to select an individual with the ballerina’s grace necessary to adjust the elephantine economy of the United States. Usually this is a ballerina with a doctorate in economics, but President Trump went in another direction to pick Fed Governor Jerome Powell. Anticipating some unconventional logic, I went with chief economic advisor Gary Cohn. I’ll have to vote on these next few quibbls to Make My Quibbl Rank Great Again.
Choosing a Fed Chair can affect re-election chances for a President. An endorsement from a President can push a gubernatorial candidate to victory. In the blue state of Virginia, there is a showdown between two gubernatorial wannabees: Democrat Ralph Northam, and Republican Ed Gillespie. Northam is leading by seven points. But Gillespie has a twitter support from President Trump. Will the Trump effect deliver another electoral surprise to the Democrats? Most of Quibbl predicted a win for Northam weeks ago, but with his lead in the polls dwindling, did Quibbl users speak to soon?
While most viewed Trump’s election as an unexpected shock to American politics, perhaps the establishment was dwelling in a house of cards all along – one that may soon come tumbling down. Former FBI director Robert Mueller role as Special Counsel may have been instigated by sore Democrats looking for official Russian collusion in the Trump campaign. But it seems Mueller might have found possible official Russian collusion among Democrats, too! The major Democrat lobbyist Tony Podesta, brother of Hillary Clinton campaign chairman John Podesta, stepped down from his lobbying firm after it was implicated alongside Paul Manafort for dealings with Ukrainian politicians. Will the Mueller probe have unforeseen consequences for Trump’s political opponents?
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