WARSH PLEDGES INDEPENDENCE BUT DODGES QUESTIONS ON MONETARY POLICY is an actual Bloomberg chyron.

That was a pretty wild hearing that left a lot of questions about what a Warsh Fed would do if confronted with anything but the charmed life he's led so far.

We already knew he was terrible during the great recesssion, and arguably learned he's not ready for even a mild one

Kevin Warsh holding the risible view that the Fed is too accountable and transparent

The propsective Fed Chair refuses to say whether cutting interest rates 250bps would stimulate the economy and boost inflation

As Warsh laments Fed balance sheet benefits to Wall St. one of the biggest real world impacts of central bank asset buying is to make home buying easier by way of lower borrowing costs, which does help many people. Also has benefits for 401ks.

Kevin Warsh: The Words Of Today or The Deeds Over Decades? Kevin Warsh is likely to present himself today as an educated, principled institutionalist who naturally treasures Fed independence. His opening remarks invoke Milton Friedman and Ben Bernanke, name G...

www.employamerica.org/monetary-pol...

"Every major pillar of his self-portrait inverts the public record." -- @skandaamarnath.bsky.social on the flip-flops and contradictions of Kevin Warsh's history and how he's presenting himself today

Live www.c-span.org/event/senate...

Funny moment when Kevin Warsh rails against forward guidance: "too many fed officials opine about where interest rates should be"

Currently, the only ones doing that the most are his would-be allies (Waller, Miran)

JFC this QE take is so bad.

We didn't do QE instead of cutting rates, we did it because we cut rates to zero.

If we get a recession at today's rates, we're gonna hit zero. What then??????

It's not just that Warsh would be beholden to Trump. That is the most important thing, but it also overshadows the fact that his Fed calls down the years have been bad--not uniquely bad, but systematically bad. I'm old enough to remember when he wanted to hike rates in 2008

I would like someone to explore with Mr Warsh why he thinks the economic impacts of AI are within the Fed’s remit but the economic impacts of climate change are not.

Smith’s question about insurance almost got there but didn’t quite.

Kevin Warsh: "I don't think Fed should give forward guidance"

Markets: lol, you *are* the forward guidance

"What time does the Fed Chair hearing start?"

90 mins in and we have our first discussion of the full employment mandate*!

*it's about AI, and how it will eliminate jobs

Kevin Warsh: We need to focus on billions of goods prices, not the shelter or services inflation that is the majority of spending

For those only following loosely, we've reached the New Math potion of the Fed chair hearing.

Let alone a chair.

Gonna be some serious white knuckling through this term, at best.

I really cannot recall any Fed nominee trying to dodge textbook econ questions like this

Thank god Van Hollen actually cares about monetary policy.

a smithsonian channel video of a bird flying through a tree ALT: a smithsonian channel video of a bird flying through a tree

www.nytimes.com/live/2026/04...

Man, if Trump understood what this meant, he'd probably be pretty mad.

Hot Take: I really don't care that Kevin Warsh is crazy rich.

I wish someone would ask him about this job he's very questionably able to do

God this is painful.
This is not the kind of reassurance that would get us through a crisis

I mean, I get you have to dumb things down for senate testimony, but among other concerns I’m increasingly alarmed we’re about to get a fed chair who doesn’t know the difference between a supply shock and a demand shock

Truly wild to reference your ties to Paul Volker while shoving aside the idea that monetary policy is affected by financial risk.

Putting Finreg into the citizens united realm

The quotes here just don't do this exchange justice.

Kernen repeatedly attempted a very leading line of questioning that basically said, Why can't you just drop the building probe, get Congress to investigate. Powell's out. Warsh is in. And Trump showed zero interest in that.

Publishing remarks where you openly blow off the Full Employment mandate is certainly a choice...and one Kevin Warsh is making

"Congress tasked the Fed with the mission to ensure price stability, without excuse or equivocation, argument or anguish"

The Taylor rule wept

Good thing we know it’s just a quick spike 😬

"The gasoline index increased 21.2 percent over the month, the largest monthly increase since the series was first
published in 1967."

Gotta say this isn't a bad report--we weren't expecting oil shock to pass through to CPI yet, but the accelerating PPI inflation was a real risk and hasn't hit housholds yet