“So said Kevin Warsh in the FOMC (Federal Open Market Committee) meeting of 30-31st January 2007; 19 years later he can finally put this position into practice.”
“Far from hearing from the 19 different FOMC members, both voting and non-voting, Warsh wants to return the power of the Fed back to the position of Chair.”
“Now, Warsh wants to take us back to a world where the semi‑annual Humphrey‑Hawkins testimony of the Fed Chair to Congress is effectively the moment where the Monetary Wizard of Oz steps out from behi…”
