PETER NAVARRO: Powell’s shadow Fed majority could threaten jobs, housing and growth
New Federal Reserve Chair Kevin Warsh may be boxed in as outgoing Chair Jerome Powell refuses to leave the Board of Governors, breaking with modern custom.
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New Federal Reserve Chair Kevin Warsh may be boxed in as outgoing Chair Jerome Powell refuses to leave the Board of Governors, breaking with modern custom.
Warsh could guide to a smaller role in day-to-day markets, while also setting clearer rules for how and when it should intervene.