Prof G Markets Who Will Replace Jerome Powell? Tesla Hit with Securities Fraud Suit & AMD’s Q2 Earnings
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Aug 6, 2025 
Patrick Moorhead, the Founder and CEO of Moor Insights and Strategy, shares his expertise on AMD's recent second quarter earnings, highlighting a notable 32% revenue increase despite challenges. The discussion reveals insights into the competitive pressures from NVIDIA and the impact of U.S. export restrictions to China. They dive into the implications of legal troubles faced by Tesla regarding its robotaxi service and explore the potential succession of Jerome Powell as Federal Reserve chair, mapping out the contenders and their qualifications.
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Kevin Hassett's Controversial Track Record
- Kevin Hassett is a front-runner to replace Jerome Powell but has a controversial track record.
- His previous economic forecasts, including the Dow 36,000 book and COVID death model, were significantly off.
Kevin Walsh's Fed Experience
- Kevin Walsh is more qualified and experienced than Hassett, having served at the Fed during the 2008 crisis.
- He has been vocally critical of Jerome Powell and aligns with Trump's views on inflation and growth.
Christopher Waller's Rate Cuts Advocacy
- Christopher Waller is a current Fed governor and a strong contender for Fed Chair.
- He has consistently advocated for lowering interest rates and dissented against recent rate holds.
