Hoover economists see former Fed Board governor continuing his historic voting record as an inflation hawk, and advocating for smaller Fed balance sheet
Fascinating interview. The balance sheet debate seems like the real flashpoint here, especilaly if Warsh pushes hard for bills-only while staff resistance mounts. I remeber similar tensions during QE tapering back in 2013 where market signals clashed with policy inertia. The question isn't just technical but political, how you shrink without spooking markets.
Fascinating interview. The balance sheet debate seems like the real flashpoint here, especilaly if Warsh pushes hard for bills-only while staff resistance mounts. I remeber similar tensions during QE tapering back in 2013 where market signals clashed with policy inertia. The question isn't just technical but political, how you shrink without spooking markets.