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✉news BusinessBanking first seen 4 h ago, last 35 min ago, peak #6

Kevin Warsh Criticizes Federal Reserve's 2020 Policy Framework

Original: Warsh Criticizes Fed’s 2020 Framework, Says It Wasn’t First Central Bank To Seek ‘A Little More Inflation And End Up With A Lot More’

Former Fed governor Kevin Warsh criticized the Federal Reserve's 2020 monetary policy framework, arguing its average inflation targeting approach invited persistent price pressure. He said the Fed was not the first central bank to seek 'a little more inflation and end up with a lot more', a warning aimed at the framework's role in the post-2020 inflation surge.

Why now: Warsh, a potential Fed chair candidate, is drawing attention with pointed criticism of current Fed policy thinking.

Kevin WarshFederal Reserve

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