Commentary
We have a big election year coming, but we may also have a new Federal Reserve chairman coming in 2026. We heard two auditions last week, one from Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, and then Austen Goolsbee, president of the Chicago Fed. The Fed dispatched both Mr. Kashkari and Mr. Goolsbee on a public relations media tour to promote their policies, since Fed Chair Jerome Powell is, frankly, not a very inspiring spokesman for the Fed’s current “higher and longer” rate policy. And I have a little more to say about those two new Federal Reserve spokesmen.
