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๐๐ Incoming Fed Chair Kevin Warsh ๐๐ข
_Youngest Fed Governor in history during 2008 Financial Crisis
๐ฃ Said the Fed waited too long to raise interest rates in 2022
๐ฃ Said the Fed lost credibility by overstimulating post-COVID ๐
๐ฃ Said QE inflates asset bubbles and worsened inequality
๐ Claims to support a rules-based Fed, not discretionary policymaking
๐ Wants a smaller Fed balance sheet and more focus on price stability
A new era of monetary policy is ahead of us โ๏ธ
๐ธ Warning ๐ธ I do not provide financial advice ๐The intent of this content is for you to be aware of market conditions before starting to invest ๐Thank you for reading ๐