Wall Street Week Trump Taps Warsh For Fed Chair, Furman Reacts to Rate Hold
Jan 31, 2026
Jason Furman, Harvard economics professor and former CEA chair, offers quick takes on inflation, labor, and global bond moves. Stephen Miran, Federal Reserve Governor, explains Warsh’s credentials and the case for data-driven central bank independence. They discuss rate holds, inflation risks, tariffs, a weaker dollar, and what shapes monetary policy moving forward.
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National Security Makes Stakes Palatable
- National security reasoning makes equity interventions politically easier and bipartisan.
- Experts urge Congress to set strategic priorities and guardrails for such programs.
Interventions Veer Toward Corruption, He Says
- Steve Ratner claims the current administration's business interventions cross into corruption and personal enrichment.
- He lists examples like golden shares, rare earth deals, and Middle East fundraising for Jared Kushner.
SNAP Has A Broad Economic Multiplier
- SNAP dollars flow beyond recipients to grocers, suppliers, farmers and rural economies with a 1.5x multiplier.
- Changes to SNAP thus ripple widely across the food supply chain and rural communities.