Fed nominee Zervos on CNBC says Fed coverage is to restrictive

Fed chair candidate David Zervos speaking on CNBC said that Fed policy is to restrictive. Zervos is the chief market strategist at Jefferies LLC. There are 11 candidates that Treasury Secretary Bessent have targeted. Yesterday he said that the interview process will begin after Labor Day.

He argued:

• Inflation is too high
• Tariffs was never a significant issue as many believed.
• Fed chair Powell is not independent
• the Fed did not fight back on some extreme buying policies

Meanwhile,, the US director of Federal Housing posted on X that FOMC member “Lisa Cook is cooked”, citing fraud on properties that she attained saying that the properties would serve as her primary residence.

That would give Pres. Trump a another nominee if she were to resign from the Federal Reserve Board bringing the total on the board to five (assuming that Fed Powell does resign from the board after his term as chairman is over in May of next year).

It’s a wild world.. Below is the letter. You can be sure that Atty. Gen. Bondi will be going after those allegations.