In his search for a new Chairman of the Federal Reserve, @POTUS has been very deliberate. He has asked exactly the questions that markets would want asked:

Who can bring the board along with them? Who has the gravitas? Who can bring some order to this sprawling institution? And who is going to have an open, Greenspan-like mind?

Our nation can see productivity boom like we did in the ’90s when we are not encumbered by a Federal Reserve which throws the brakes on things because they’re alarmed by a high GDP number.

GDP is likely to surprise on the upside, and it’s feasible to believe that we could have a 7–8% nominal GDP number. And if so, the important thing is that it’s going to drive noninflationary, disinflationary growth.