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The limits of balance sheet runoff at the Fed
At his confirmation hearing last week, Kevin Warsh called for a smaller Federal Reserve balance sheet. This statement revives debate over how the Fed…
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Fed keeps a hold on interest rates for now, debate on balance sheet a highlight for next Fed Chair-hopeful Warsh: CEI analysis
The Federal Reserve has decided to keep interest rates steady, aligning with economists’ and financial analysts’ predictions. With the Senate Banking Committee voting to…
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A quantitative easing hangover has the Fed in a balance sheet trap
As Kevin Warsh undergoes the Fed Chair confirmation process, debate has returned to the Federal Reserve’s balance sheet and how it should be managed going…
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From lifeline to lifestyle: How quantitative easing became the Fed’s default setting
The nomination of Kevin Warsh has renewed scrutiny of the Federal Reserve’s expanding role in the economy. One of the most consequential shifts in US…
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Dual mandate, dual headache: Why the Fed should focus on price stability
With Kevin Warsh set to appear before the Senate for his Fed confirmation hearing, the question of his monetary priorities is taking center stage. Warsh…
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Questions Kevin Warsh needs to answer if he is to become the next Fed Chair
A new CEI paper out today by John Berlau, Ryan Young, and myself offers some questions that Federal Reserve Chair nominee Kevin Warsh should…
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Questions for Kevin Warsh
Kevin Warsh is President Trump’s choice to succeed Jerome Powell as the Chair of the Board of Governors of the Federal Reserve System. Warsh’s credentials…
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Trump EO on crypto reserves rightly eschews government purchases
After much anticipation, President Donald Trump’s newly issued executive order (EO) on a “Strategic Bitcoin Reserve” and “digital asset stockpile” does not call for…
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Jerome Powell risks the Fed’s gains against inflation
The big story from today’s Federal Reserve decision isn’t that interest rates are staying the same. It’s that the dual mandate is back. This…