Capital Account: Fed Chairman Kevin Warsh says listen to the markets, not him. But there’s a problem with that: The Fed isn’t the umpire, it’s the most important player in the game, @greg_ip writes

The Fed chairman’s analogy of calling balls and strikes doesn’t work. The central bank isn’t the umpire, it is the most important player in the game. 2026-07-30 09:00:00 Greg Ip

Continue ReadingCapital Account: Fed Chairman Kevin Warsh says listen to the markets, not him. But there’s a problem with that: The Fed isn’t the umpire, it’s the most important player in the game, @greg_ip writes