Kevin Warsh's Fed appointment could trigger massive quantitative tightening

the Fed's actions and their failure to act at the right time.

49:12 / 49:42

the Fed's actions and their failure to act at the right time. I think Kevin Warsh was very prescient in his points of view that he has shared publicly at the same time about what the Fed's failure to take action early would mean, which would be rapid rise in inflation. They've been pretty vocal about. Things that I think are so critical at this stage. If we don't address both the monetary policy and the budget policy, I think we're gonna be in a lot of trouble. And I think having Kevin Warch coming on board means probably generally more quantitative tightening,

About this clip

The speaker argues that the Fed's delayed response to inflation was a critical policy failure that Kevin Warsh accurately predicted. They warn that without addressing both monetary and budget policy, the economy faces serious trouble, and Warsh's potential Fed role likely means more aggressive quantitative tightening ahead.

Why this clip

Provides a specific forecast about Fed policy direction under new leadership with clear economic implications.

49:12 - 49:4230sprediction

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As I joked at our roast, he's not an important enough player in the grand scheme of things. Who'd wanna blackmail a loser? The odds of the two of you coming across each other in that time period was basically 100%.

6:40 - 35s · Quick Fire

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