Kevin Warsh Takes Aim at the Fed’s Economic Orthodoxy - SilverTrade
Kevin Warsh Takes Aim at the Fed’s Economic Orthodoxy - SilverTrade
Source: SilverTrade
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DW NOTE
Kevin Warsh spent four years at the Fed during the crisis, resigned in 2011, and has been outside the building ever since. The attack on orthodoxy is cheap when you no longer have to defend a policy position in the room. The Fed raised to 3.75–4.00% in September while the 10-year yield sits at 5.28% — the market has already priced the heterodoxy Warsh is selling as commentary.