From Quartz.
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Donald Trump named Kevin Warsh to lead the Federal Reserve, focusing attention on possible shifts in policy, oversight, and communication. Warsh has called for "regime change" at the Federal Reserve, pressing changes to inflation policy, monetary strategy, and bank regulation. He is expected to target the Fed’s $6.6 trillion balance sheet, building on quantitative tightening and debating the path of interest rates. He has criticized reliance on lagging indicators and warned against false precision. Analysts say he may prioritize looser regulation and a smaller balance sheet over major interest‑rate shifts. Treasury Secretary Scott Bessent criticized the Fed’s peak $9 trillion assets; others expect FOMC resistance to aggressive cuts. #federalreserve #kevinwarsh #monetarypolicy #inflation #economicreform
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