Thinking in Markets

S1E143 - When Fixing the Fed Still Means Defending the Dollar


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Kevin Warsh says the Federal Reserve's leadership is broken, but his remedy is not simple easy money. Michelle and Vox unpack the mix of lower short rates, a smaller balance sheet, less model-heavy guidance, and what that could mean for dollar credibility, long yields, and the next U.S. policy regime.

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Thinking in MarketsBy Vox