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Will Kevin Warsh Rebalance the Fed? - Northern Trust - Commentaries
Carl Tannenbaum discusses the potential impact of Kevin Warsh’s selection as the next Federal Reserve Chairman. Warsh is known for his hawkish stance on inflation and his criticism of the Fed’s “groupthink” and reliance on economic models, as well as its use of quantitative easing. The article explores the challenges Warsh will face in seeking common ground with Fed officials and the political and technical problems associated with reducing the Fed’s balance sheet.