Top Analyst Says Next Fed Chair Could Be From Your Friendly Local Retail Bank

After a rock and roll August for the Trump administration – with North Korean missiles appearing, disappearing and then reappearing like a “whack-a-mole” amidst charges of racial “insensitivity” and public insubordination among cabinet members, Red Scare 2.0, – September offers an opportunity to turn the page and focus on a legislative agenda. CLSA’s famous strategist, Christopher Wood, observes the delicate dance around tax reform that former Goldman Sachs Chief Operating Officer Gary Cohn is engaged in, pointing to the potential for tax relief before the end of the year – just in time for his potential nomination as Fed Chair. But…