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Clearly it is now past-time for the Fed to pivot, and the full impact of one of the most rapid tightenings in Fed history is still yet to be felt fully amidst signs of disinflation. With the collapse of SVB and other banks, the Fed will realize that its impatience in waiting might bring down more businesses with dire implications for the whole economy.


The hunt was unceremoniously paused in late April, hours after The Atlanta Journal-Constitution reported that some board members dissented over a leading candidate, Sonny Perdue. A former Georgia governor and agriculture secretary for the Trump administration, Perdue was a favorite of some board members, but he had not garnered enough support from the full panel. His lack of postsecondary leadership experience also had not endeared him to students and staff. 041b061a72


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