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Fed Chair Nominee Warsh Calls for Fundamental Policy Overhaul, Puts Cost of Living First
Minseung Kang
Summary
- Kevin Warsh, the nominee for Fed chair, said the impact of past monetary policy mistakes is showing up in the current economy.
- Warsh said fundamental policy reform is needed and pointed to the need for a broad review of the Fed’s overall policy stance.
- Warsh identified cost-of-living pressures as the most important issue in the current economic environment, saying “there is no more urgent issue than the cost of living.”
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Kevin Warsh, the nominee to chair the Federal Reserve, said the current economic backdrop still reflects the effects of past monetary policy. He also identified the cost of living as the most urgent issue.
Walter Bloomberg reported on April 21 that Warsh told a hearing the effects of the Fed’s policy mistakes are now emerging.
He also called for fundamental policy reform and said the Fed’s broader policy stance needs to be reconsidered.
Warsh identified cost-of-living pressures as the most important issue in the current economic environment. “There is no more urgent issue than the cost of living,” he said.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
