Untangling the ideas of Donald Trump’s Fed nominee
Few consider the Federal Reserve to be an all-singing, all-dancing body. But Kevin Warsh did manage to talk a fellow Fed governor into belting out a musical number at his first meeting in 2006. In the years since, Mr Warsh has mostly sung a consistent refrain: that inflation was perilous, monetary policy often over-stimulative, and Fed bond-buying at the root of many of America’s economic woes.
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