Fed Chair Kevin Warsh May Have Driven a Dagger Into Wall Street's Heart With This Blunt 7-Word Statement
This has been a year packed with history-making moments for Wall Street and investors. The Dow Jones Industrial Average (DJINDICES: ^DJI), S&P 500 (SNPINDEX: ^GSPC), and Nasdaq Composite (NASDAQINDEX: ^IXIC)…
To Trump’s chagrin, rate hikes appear to be firmly on the table
We’re all in the price stability business, that might not be our only business, but if there was a common thing I heard over the last couple of days, it was open-mindedness on these questions of AI, open-mindedness on productivity, but we’ve all looked around, and we’ve seen that prices are too high.
Fed Chair Warsh’s reform-oriented approach complicates matters for Wall Street
My hope, my aspiration, is that nine to 12 months from now we’re going to be using new technologies to understand what’s happening in the real economy in a contemporaneous real-time way that positions us as central bankers to make better decisions.
