<div id="readability-page-1"><div><div><p>With the pick of Kevin Warsh as the next Fed Chair, Goldman's Delta-One desk-head Rich Privorotsky believes Trump has <em><strong>&#34;put questions around Fed independence largely to bed,&#34; </strong></em>noting that:</p><blockquote><p><em>&#34;The big asset the US system has is the USD system, and without a credible central bank that would eventually fracture. You have to ask why the pendulum is swinging toward Warsh now.&#34;</em></p></blockquote></div></div></div>

<p>With the pick of Kevin Warsh as the next Fed Chair, Goldman's Delta-One desk-head Rich Privorotsky believes Trump has "put questions around Fed independence largely to bed," noting that:"The big asset the US system has is the USD system, and without a credible central bank that would eventually fracture. You have to ask why the pendulum is swinging toward Warsh now."</p>

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