I am not a fan of Trump's new chairman for the Federal Reserve. This could be Trump's biggest mistake. I don't think it will be because the chairperson of the Fed doesn't set policy; instead the consensus of academic economists does. But on the surface the new Fed chairman doesn't seem to understand that shifts in aggregate demand are essentially controlled by monetary policy. This is one big reason I wanted Cruz instead of Trump. Cruz was the only politician I heard make public statements that actually got monetary policy within the realm of correct.