New fed chair

[William Meyer]

Kevin Warsh was nominated for fed chair today which up until 24 hours ago would have come as a surprise to most.  What was interesting was the praise the previous lead candidate - Rick Rieder - was receiving on Twitter from notable mmt'ers Kelton and Mosler.  I dont think it would be an exaggeration to say they were excited over the prospect of the first mmt fed chairman.  Would be ironic if that praise worked against Rick these last few days.