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
Related reading
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
The looming battle over the Fed’s balance sheet
What will Warsh choose?
The Fed is vacillating as the war continues
This is starting to look like a central bank appeasing its political masters
Stocks’ irrational rate-cut rally
And the prospects for a Hassett-led Fed
The Fed’s delicate balancing act over liquidity
Optimism and greed complicate the central bank’s decisions during market disruptions
How the Fed should deal with US stagflation risks
Caution should continue to be the watchword in Jackson Hole until the impact of Trump’s policies are better understood