“Ask Kevin Warsh how the Federal Reserve should think about inflation, talk to markets or weigh the impact of artificial intelligence on the economy, and the new chair has a stock answer: There’s a task force for that,” the Washington Post reports.
“Five new task forces, in fact. Roughly two months into his tenure, Warsh has handed panels of outside experts core questions about Fed policy and said little about where he thinks any of it should land.”
Said Warsh: “If we get policy right — and we will, the inflation surge of the last five years will be a thing of the past.”
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