When it comes to staffing decisions at the Federal Reserve, there's been pushback on the idea that being close to the sitting president automatically makes someone unfit for the role. According to Hassett, this standard of judgment doesn't hold water—and frankly, it's exactly the kind of thinking the administration would push back against. The argument: policy expertise and track record should matter more than political proximity when evaluating whether someone has what it takes to shape monetary policy and manage the nation's financial system.
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SelfStaking
· 12-16 15:03
Ability is more important than relationships. That sounds reasonable, but can it really be achieved?
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SurvivorshipBias
· 12-16 14:43
Once again using this "professional ability" as a shield? Nice words, but it all depends on who listens to the president.
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TokenAlchemist
· 12-16 14:33
honestly, the whole "proximity to power = incompetence" argument is just lazy filtering. if you're actually analyzing macro policy execution, you'd look at track record, not vibes. but ngl, most people aren't doing that kind of signal extraction—they're just pattern matching on optics. classic inefficiency vector in how institutions get evaluated tbh.
When it comes to staffing decisions at the Federal Reserve, there's been pushback on the idea that being close to the sitting president automatically makes someone unfit for the role. According to Hassett, this standard of judgment doesn't hold water—and frankly, it's exactly the kind of thinking the administration would push back against. The argument: policy expertise and track record should matter more than political proximity when evaluating whether someone has what it takes to shape monetary policy and manage the nation's financial system.