Fed Chair Kevin Warsh is actually managing U.S. debt costs not inflation, economist says, as interest rates threaten to top GDP growth soon

Trying to pin down Kevin Warsh as a hawk or a dove has been tricky with his statements and actions puzzling Wall Street. As President Donald Trump’s hand-picked Federal Reserve chairman, Warsh was expected to lean toward looser monetary policy. Then he declared that inflation was a “choice,” suggesting a tougher approach. Over the summer, he suggested looking at alternative inflation gauges and that the bond market would do some of the Fed’s tightening work, hinting as less aggressive policy.

Source: Fortune Crypto