Kevin Warsh and the Limits of Monetary Theater
Good intentions and personnel changes at the Federal Reserve can’t rewrite the deeper structural reality of inflation and economic instability. Kevin Warsh’s ascension to Chair will be another case in point: a case study in cautious optimism meeting institutional reality. A former Fed Governor (2006–2011), investment banker, and Bush administration veteran, Warsh brings experience, a monetarist-leaning skepticism of []
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