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

You are currently viewing 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

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