""Kevin Warsh is a reasonable choice for the next Federal Reserve chair. His obvious strength is his previous stint on the Fed during the Global Financial Crisis. He knows the institution and everyone in global central banking circles,""
""But the critical question is whether he will be strong enough to ensure that interest rates are set based on the economy, and not politics,""
""Warsh's ostensible views on the use of the Fed's balance sheet or its data dependency are quirky, even odd, but his legacy as Fed chair will be determined by how much of the Fed's independence he is able to preserve,""
Kevin Warsh brings significant Fed and Wall Street experience, including service on the Fed's Board of Governors during the 2008 financial crisis and prior work at Morgan Stanley and as an economic advisor. His familiarity with financial markets and global central banking equips him to respond when markets destabilize. The principal challenge will be maintaining interest-rate decisions that reflect economic conditions rather than political pressures amid presidential efforts to influence policy. Unconventional views on the Fed's balance sheet and data dependency exist, and the preservation of the Fed's independence will shape his tenure and legacy.
Read at Business Insider
Unable to calculate read time
Collection
[
|
...
]