Special Report: The Federal Reserve at a crossroads
This special report examines the difficult nomination of Kevin Warsh to Chairman of the Federal Reserve and the awkward transition facing him as Jerome Powell may stay around beyond the end of his term in May. Kevin Warsh’s time at the Fed could be transformational. He would like to do away with Forward Guidance, projections, change the Fed’s main targets, get away from data drift and dependence, and most importantly reduce the Fed balance sheet. All of this is very concerning to Wall Street and Capital Hill as they are perfectly happy to leave the Fed as it is. The reality for Mr. Warsh is…
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