Not a good look for Kevin Warsh, taking a powder on what is self-evidently a crying need for the Fed to get its Big Fat Thumb off the money market and allow short-term rates to find a rational, noninflationary market clearing level. Needless to say, what we show in the graph below is no such […]
Kevin Warsh Missed The Boat—Inflation Won’t End Until The “Ample Reserve Regime”Is Deep-Sixed
