Warsh Fed guidance on crisis response suggests central bank changes, Lawrence Lepard notes - Traders Union
Warsh Fed guidance on crisis response suggests central bank changes, Lawrence Lepard notes - Traders Union
Source: Traders Union
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DW NOTE
Kevin Warsh ran the Fed's crisis playbook in 2008. If he's now signaling the playbook needs rewriting, that's either intellectual honesty about past failures or pre-positioning for the next bailout. The difference matters: one admits QE didn't work as sold, the other just wants more discretion to do it again.