Kevin Warsh Disagrees with Jerome Powell on Fed Policy Involving Balance Sheet Management
Fed Chair nominee Kevin Warsh has expressed disagreement with current Chairman Jerome Powell over a key Federal Reserve policy involving balance sheet management. While Powell's approach includes using the Fed’s bond and mortgage-backed securities purchases to influence long-term interest rates, Warsh argues this strategy is counterproductive for achieving full employment and stable pricing.
Topics: balance sheet Federal Reserve Jerome Powell Kevin Warsh monetary policy