Mike Shedlock of SitkaPacific Capital Management said Wash is Trump’s best
personnel pick for Fed chair. In his debut Wash avoided preset policy positions,
pledged to study improved data collection, signaled dislike of the dot‑plot but
did not abolish it and chose not to submit his own projections. Shedlock labeled
Greenspan, Bernanke, Yellen and Powell failures, singling out Bernanke for
large‑scale QE, instituting interest‑on‑reserves and strong reliance on forward
guidance. He said Wash wants to end interest‑on‑reserves—a welcome change—and
favors slow, research‑driven reforms that can build consensus. Shedlock strongly
criticized Wash’s trimmed‑mean inflation metric as excluding more data than it
retains and said he is skeptical of Wash’s market‑based inflation measures.
