Warsh Tasked To Make Fed Sterling Again
When Kevin Warsh is sworn in as chairman of the Federal Reserve this Friday, he will inherit more than an interest-rate debate. He will inherit a central bank weakened by missed inflation forecasts, the ongoing mistake of calling it "transitory," new AI-driven supervisory risks, tariff misjudgments, global imbalances, and growing public distrust. Restoring the Fed's sterling reputation will require more than new rhetoric.
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