The headlines are here from earlier:
Former Fed Reserve Governor Warsh says tariffs not inflationary, has sympathy for TrumpWarsh was speaking in an interview on Fox. More:
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I'm not sure I'm following Warsh here. He said in '08 that quantitative easing was a form of rate cut
"about every trillion dollars we grew the balance sheet, we thought roughly was worth about 50 basis points of cuts"And now he is saying that quantitative tightening is also a rate cut?
"you could take down that balance sheet, a couple trillion dollars over time in concert with the Treasury secretary, that's a big rate cut that could come"Let me know in the comments!
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