CNBC commentator, Larry Kudlow says Kevin Warsh ‘is my man to replace Bernanke’
Economist and host of CNBC’s The Kudlow Report, Larry Kudlow spoke on who he’d like to see replace Fed chair Ben Bernanke, who is speculated to retire next year on Monday’s show.
“After much deep-thinking as well as phone calls to my hard-money friends, the answer is Former Governor and current Fed critic Kevin Warsh,” Kudlow said on CNBC. “He is my man to replace Bernanke.”
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Most believe that President Obama will replace Bernanke with Vice Chair Janet Yellen.
However, on Kudlow’s pick of Warsh, The Wall Street Journal’s Chief Economics Correspondent Jon Hilsenrath countered, “He was right at Bernanke’s side during this crisis. I’ll throw up one hurdle for you, the guy’s a lawyer, he’s not an economist. I don’t know if we need more lawyers running the Federal Reserve.”
In addition to Warsh, Kudlow also likes Dallas Fed President Richard Fisher; Stanford Economics Professor John Taylor; Forbes Media Chairman and CEO Steve Forbes; Rep. Paul Ryan, a Republican from Wisconsin; and Bentley University Professor Scott Sumner.
Hilsenrath also included Greg Mankiw as a top choice. “This is a guy who was the Chairman of the Council of Economic Advisors for Bush. He’s a very smart, level-headed guy. If there’s a Republican in the White House someday in the future, you could see his name come up.”
