For example, is Warsh a hawk or a dove; will he lower rates, inflation, and/or the balance sheet…?
While all valid, I think the most important question that needs to be addressed is: Why was Warsh selected?
If this were just about interest rate policy, then a more dovish candidate could have been selected.
But Warsh is notably obscure about being a hawk or a dove, so it’s not solely about rate policy.
So then what is it? Let’s get into it!
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