Jerome Powell knows the Fed's balance sheet got too big—Kevin Warsh has a plan, he just has to sell it without freaking out markets or the Treasury - Fortune
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TL;DR
Jerome Powell acknowledges the Fed's oversized balance sheet, while Kevin Warsh proposes a plan to address it. The challenge is implementing this without alarming markets or the Treasury, amid concerns about political influence and rate decisions.
- Jerome Powell knows the Fed's balance sheet got too big—Kevin Warsh has a plan, he just has to sell it without freaking out markets or the Treasury Fortune
- The Fed’s Hawkish Turn Poses Problems for Warsh. What It Means for Rates. Barron's
- President Donald Trump's Nomination of Kevin Warsh to Become Fed Chair May Come With Unintended Consequences for Wall Street The Motley Fool
- Trump wants the Fed to cut rates. Kevin Warsh has bigger plans. Politico
- Warsh’s war on the Fed balance sheet Financial Times