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Kevin Warsh's Fed criticisms make sense, but he's got a 'cleanest dirty shirt' problem. Here's the triple dilemma he faces | Fortune
The new Fed Chair nominee can't shrink the balance sheet without handing private markets a duration problem they may not want to own.
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politico.com
The economic headache that's coming for Kevin Warsh
It’s far from clear that lowering short-term borrowing costs would trigger a hiring boom that would boost the president’s approval rating.
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fortune.com
Kevin Warsh's Fed criticisms make sense, but he's got a 'cleanest dirty shirt' problem. Here's the triple dilemma he faces | Fortune
The new Fed Chair nominee can't shrink the balance sheet without handing private markets a duration problem they may not want to own.