What’s the deal with Kevin Warsh?The Federal Reserve chair is famously hawkish on monetary policy, but is refusing to raise interest rates despite (core personal consumption expenditures) inflation running at 3.3 per cent compared to the Fed’s 2 per cent target. The last time inflation was near target was February and March 2021. A Fed chair who really cared about price stability wouldn’t leave the funds rate at 3.75 per cent.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
The ‘Mar-a-Lago effect’ has reached the Fed
Kevin Warsh may be clever or he may be dumb, but don’t underestimate his cunning. Unfortunately, that cunning is doing real damage to the United States.
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