monetary policy
4 briefs
The Fed Gets a New Chair Who Promised 'Regime Change'
Kevin Warsh's path to the Federal Reserve clears after the DOJ drops its Powell probe, but his plan to cut rates collides directly with an oil shock he never accounted for.
The Man Trump Picked to Run the Fed Says He Won't Do What Trump Wants
Kevin Warsh's confirmation hearing produced the predictable pledges of independence. The predictable part is the problem: every Fed nominee says this, and the chair who actually defies a sitting president has not yet existed.
Trump's Fed Pick Swore He Wouldn't Be Trump's 'Sock Puppet.' That's Exactly What a Sock Puppet Would Say.
Kevin Warsh cleared his confirmation hearing by pledging strict Fed independence. The question is whether a nominee who owes his job to presidential pressure can deliver independence once confirmed.
Kevin Warsh Goes Before the Senate Promising Independence He May Not Be Able to Deliver
Trump's Fed pick is vowing to protect central bank autonomy while depending entirely on Trump's party to get confirmed. The contradiction is the point.