Procrastination for October 7, 2017

Should-Watch: I find this remarkable: His peers won't even say in public that Kevin Warsh was an intelligent and thoughtful Governor of the Federal Reserve:

Question: Does Kevin Warsh have the track record of good judgment on monetary policy that gives each of you the confidence that he would be an effective chair of this powerful central bank?...

Don Kohn: I'm not going to comment on specific people...

Louis Sheiner: Ha ha ha ha ha...

Dan Tarullo: I have gotten more press inquiries on this question, not Kevin specifically, in the six months than on any other question. I am not going to comment specifically other than the kinds of comments I made about the person under whose leadership I operated...

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