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PETER NAVARRO: Powell’s shadow Fed majority could threaten jobs, housing and growth - The Political Signal
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PETER NAVARRO: Powell’s shadow Fed majority could threaten jobs, housing and growth - The Political Signal
Kevin Warsh has now been sworn in as the new Federal Reserve Chair. Outgoing Chair Jerome Powell has refused to leave the Fed Board of Governors, breaking with the modern custom that departing Fed chairs leave the Board rather than linger as rival power centers. The clear danger: Powell will have enough Board support to act as Fed Shadow Chair and force a series of rate hikes down Warsh’s throat. Never mind that even a single rate hike would…
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