Warsh War II: Is There a Way Out of QE World?
Editor’s Note: This is the second in a three-part series examining Kevin Warsh’s nomination to chair the Federal Reserve. Read Part I here.
The most consequential feature of Kevin Warsh’s view of the Federal Reserve is his focus on balance sheet reduction .
Throughout his post-Fed commentary, he’s warned about what he calls “economic imprinting,” markets coming to expect central bank support at any sign of trouble. He supported emergency QE during crises but consistently argued it shouldn’t become permanent . In a June 2021 op-ed, he criticized the Fed’s “risky fill-the-punch-bowl strategy,” warning…
Read the full article at BREITBART.COM
