Federal Reserve chair nominee Kevin Warsh argues the Fed has drifted far beyond its mandate, becoming a โgeneral-purpose agency of government.โ
โข
Evidence shows groupthink has produced suboptimal monetary policy. Kevin Warshโs out-of-sync views could bring much-needed diversity to the Fed.
โข
Shelter and energy costs led the deceleration. While inflation remains above the Fed’s target, the monthly price growth neared a multi-year low.
When political pressure threatens independence, the chairโs character matters more than technical competence.
โข
The dollar’s lost half its value and the price of gold exploded since our author first warned that politicians are ruining our purchasing power.
There is no durable prosperity built on cheap money and political shortcuts, and no political upside to unleashing the next inflation spike.
โข
Cutting rates further risks overstimulating demand, when inflation remains stubbornly above the Fedโs two-percent target.
โข
One unverifiable dispute locked me out. If permission to pay with my own money can be blocked, what does owning it mean anymore?
โข
While there is certainly speculation in cryptocurrencies, as in all financial markets, the cryptocurrency industry is more than meme coins.
Until policymakers accept that financial regulation shifts risk rather than eliminates it, we will keep cycling through crisis, overreaction, unintended consequences, and the next crisis.
Federal Reserve chair nominee Kevin Warsh argues the Fed has drifted far beyond its mandate, becoming a โgeneral-purpose agency of government.โ
โข
Evidence shows groupthink has produced suboptimal monetary policy. Kevin Warshโs out-of-sync views could bring much-needed diversity to the Fed.
โข
Shelter and energy costs led the deceleration. While inflation remains above the Fed’s target, the monthly price growth neared a multi-year low.
When political pressure threatens independence, the chairโs character matters more than technical competence.
โข
The dollar’s lost half its value and the price of gold exploded since our author first warned that politicians are ruining our purchasing power.
There is no durable prosperity built on cheap money and political shortcuts, and no political upside to unleashing the next inflation spike.
โข
Cutting rates further risks overstimulating demand, when inflation remains stubbornly above the Fedโs two-percent target.
โข
One unverifiable dispute locked me out. If permission to pay with my own money can be blocked, what does owning it mean anymore?
โข
While there is certainly speculation in cryptocurrencies, as in all financial markets, the cryptocurrency industry is more than meme coins.
Until policymakers accept that financial regulation shifts risk rather than eliminates it, we will keep cycling through crisis, overreaction, unintended consequences, and the next crisis.
By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact