Warsh can bring a much-needed trade-off on rates to the Fed
The designate chair has signalled a willingness to take the central bank’s balance sheet into account when setting monetary policy
Related reading
The looming battle over the Fed’s balance sheet
What will Warsh choose?
What Warsh should do at the Fed
If he is finally confirmed, Trump’s nominee for chair must undertake a re-evaluation of the central bank’s structure and purpose
Warsh would be wise to listen to Fed dissenters
Continuous easing amid successive supply shocks is a risky policy move that ignores the pandemic’s lessons
Under Warsh, the Fed could embrace Bessent’s geoeconomic agenda
The Treasury secretary wants to use swap lines to lock in dollar supremacy
The Fed’s delicate balancing act over liquidity
Optimism and greed complicate the central bank’s decisions during market disruptions
Federal Reserve minutes highlight deep fissures at US central bank
Policymakers sparred over decision to cut interest rates earlier in December