Jun

13

Geithner Says Bond Volatility May Return to `Normal'

June 13 (Bloomberg) — Federal Reserve Bank of New York President Timothy Geithner said volatility in U.S. Treasuries, at the highest in almost two years, may be returning to "normal."

I laughed when I saw this. Geithner is padding the newswires while he pads his resume. Where will he go? Peterson's Blackstone? Fink's Blackrock alongside Peter Fisher? Maybe Carlyle needs an ex-Fed geek?

A Council of Economic Advisers post in Hillary's administration is conceivable but unlikely. CEA is "below" the Fed in the gray-dotted line organizational chart I have in my head. Recall that Yellen went the other way, from CEA to San Francisco Fed President. More likely would be, say, Goldman, then Treasury Secretary.

My vibe is that he's still a lightweight needing seasoning. He hasn't been tested outside of browbeating the dealers into cleaning up their backlog of swap tickets.


Comments

Name

Email

Website

Speak your mind

Archives

Resources & Links

Search