When Kevin Warsh told his father back in 2006 that he’d been nominated to be a governor on the Federal Reserve, his father, a small-town businessman, replied: “The thing Greenspan runs.”Alan Greenspan retired as the central bank’s chairman just before Warsh, the current chairman, joined the Fed board that year. To his father and the public, Greenspan was the Fed.
Become a supporter of this podcast: https://www.spreaker.com/podcast/today-s-take--6662936/support.