THEAMERICANCONSERVATIVE (David Brady) - Kevin Warsh’s Challenge
The new Fed chairman’s dilemma: Should he please the president or fight inflation? The post Kevin Warsh’s Challenge appeared first on The American Conservative .
Politics Kevin Warsh’s Challenge The new Fed chairman’s dilemma: Should he please the president or fight inflation? Kevin Warsh has a reputation as an inflation-hawk. He resigned from the Federal Reserve Board of Governors in 2011 after it embarked on a second round of quantitative easing (QE) and became a critic of “institutional drift” at the central bank. This would presumably put him at odds with President Donald Trump, a fan of lower interest rates in his New York real-estate developer style, who has dismissed the idea of affordability politics as a “hoax.” Yet Warsh in recent weeks has set aside Warsh 1.0 in favor of Warsh 2.0, who echoes the president in calling for lower interest rates while still maintaining that he…Open