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Kevin Warsh served on the Federal Reserve's board of governors from 2006 - 2011. Warsh previously had a reputation for being an inflation "hawk." More recently, he opined that the Fed should cut rates faster. Warsh has been very critical of the Fed and has promised to make wholesale changes to the central bank.
Rieder must have answered some questions incorrectly in yesterday's interview. Probably refused to make a compact with the devil.
However, one wonders why anyone would want a job where the guy who nominated you for the position later refers to you in public as: "a knucklehead", "a numbskull", "stupid", "incompetent", "crooked", and "a jerk".
I can go online and get called those things. No need to show up at work.
AndyJ posting from Paul Krugmen said It’s a humiliating day for the Federal Reserve, which has always prided itself on its professionalism and has been hugely respected around the world. But even the Fed can’t insulate itself from the derangement sweeping America.
Detailed assessment from PK. Will watch Warsh carefully. He is a political animal.
Kevin Warsh has been accused of being politically expedient. As a Fed governor, he was viewed as an inflation hawk favoring higher real rates, tighter policy, and a reduced balance sheet. Since becoming a candidate for the Fed Chairman position, Mr. Warsh has argued for earlier and larger rate cuts which aligns with the president's desires.
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I thought it might be beneficial to create a dedicated thread for this.
Warsh's affiliation with Hoover should be disqualifying all by itself.
Paul Krugman provides some interesting information regarding Mr. Warsh.
However, one wonders why anyone would want a job where the guy who nominated you for the position later refers to you in public as: "a knucklehead", "a numbskull", "stupid", "incompetent", "crooked", and "a jerk".
I can go online and get called those things. No need to show up at work.
Mr. Rieder may now have the time to investigate recent events at BlackRock TCP Capital.
https://www.mutualfundobserver.com/discuss/discussion/65488/blackrock-bdc-slashes-nav#latest
Kevin Warsh has been accused of being politically expedient.
As a Fed governor, he was viewed as an inflation hawk favoring higher real rates,
tighter policy, and a reduced balance sheet.
Since becoming a candidate for the Fed Chairman position,
Mr. Warsh has argued for earlier and larger rate cuts which aligns with the president's desires.
https://www.cnbc.com/2026/02/03/senate-democrats-delay-warsh-nomination-fed.html
what-kevin-warsh-learned-working-for-stanley-druckenmiller