Trump’s latest unlucky appointment is already 'cooked': analysis (opens in new tab)

Bulwark Economics Editor Catherine Rampell says the ally that President Donald Trump worked so hard to place over the federal Reserve is already hanging off a tailspin — and he hasn’t even taken a seat.“In economics, there’s a concept called the ‘winner’s curse.’ It means that the person who ends up winning an auction has often overpaid for the prize. It’s a good way of characterizing the fate of the newly confirmed Federal Reserve chair, Kevin Warsh,” said Rampell.Warsh finally clinched the ...