POPA ReconKey moments from Kevin Wash's Fed confirmation hearing
Key moments from Kevin Wash's Fed confirmation hearing 1. Justification for rate cut: Suggests the possibility of a rate cut based on productivity improvement due to the development of AI technology (dovey shift) ↳ I have never received any instructions or requests from Trump for a commitment to a rate decision. ↳ However, all presidents maintain the fundamental position that they want low interest rates 2. Regime Change: Defining Current Fed's Inflation Response as "Fatal Policy Error," Abolishing Forward Guidance, and Forewarning Full-scale Reform in Communication Method 3. Independence c…
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