Jerome Powell’s tenure at the Federal Reserve “has been an unmitigated disaster” as his Fed “created a novel monetary framework in 2020 that is proving very difficult to manage and maintain.”
The good news, however, is that Powell’s time at the Fed will be up in May, and his replacement, “inflation hawk Kevin Warsh,” looks much more promising, says E.J. Antoni, Ph.D, The Heritage Foundation’s chief economist.
"If Warsh is confirmed and can clean up the Fed, it will reassure financial markets and help deliver a Main Street boom without inflation or another financial crisis."
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