Hey, this is the Grant's Interest Rate Observer Podcast.

I am Jim Grant with me today.

Evan Lorenz, deputy editor of Grants, the great Lorenz, Phil Grant, who runs our

almost daily grants, daily briefing, almost daily.

And Eric Whitehead at the dials.

And we are sponsored by grants,

which has a fabulous website and also some pretty fine publications, I must say, a grant's interest

rate observer. We are sponsored as well by Health IQ, which is all about how hard bodies can get

advantageous insurance rates and Casper mattress.

So after you work out for an hour and a half, two hours a day, as you should, and plop

yourself down on a Casper, which is an actually, it's a risk-free mattress, which reminds

me a little bit of treasury bills, but Casper is more comfortable.

So Evan, let's begin with the Federal Reserve.

Now the Federal Reserve has a

problem, has a demographic problem. It is an underpopulated institution. Now, one could say there

are three vacancies at the moment, but looking ahead, a mere month or so, one could say there are

four vacancies. And perhaps if Janet Yellen is given the old defenestration, there could be five.

Five opportunities for Donald Trump, President of the United States, to make his mark on monetary

policy.

Now, Evan, what is President Trump's philosophy of central banking?

He's admitted that he's a low-interest rate guy.

I didn't ask that.

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