Warsh Proposes New Inflation Framework at Fed Hearing
Fed nominee Kevin Warsh proposed a new inflation framework at his Senate hearing. He criticized past policy errors and signaled shifts in bank communications.
Xurve View
Insights:
Xurve View
Kevin Warsh, the nominee to lead the central bank of the United States, called for a fundamental "regime change" during a confirmation hearing before the Senate Banking Committee on Tuesday. Warsh, a 56-year-old financier and former governor, proposed a new framework for controlling inflation and suggested a potential overhaul of how the institution communicates monetary policy to the public, including a rethink of quarterly economic and interest rate projections.
"The fatal policy errors going back four or five years are a legacy that families are still working through."
