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@paulwermer@sfba.social
2026-04-21 16:23:40

"As a Fed governor, Warsh made it clear that he sees the Fed’s role as one that deals exclusively with monetary policy and cautioned against the central bank slipping into “fiscal” territory – tax and spending decisions usually taken by the government."
Because as everyone knows, treating problems with complex, interacting functions by treating the functions as independent #silos with …

@PaulWermer@sfba.social
2026-04-21 16:23:40

"As a Fed governor, Warsh made it clear that he sees the Fed’s role as one that deals exclusively with monetary policy and cautioned against the central bank slipping into “fiscal” territory – tax and spending decisions usually taken by the government."
Because as everyone knows, treating problems with complex, interacting functions by treating the functions as independent #silos with …