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FFinancial Postfinancialpost.com

The populist case for ending easy money now (opens original article in a new tab)

TL;DR

The article argues that Kevin Warsh should lead the Fed to tighten monetary policy by ending its easy-money bias, as prolonged inflation has harmed the economy and the most vulnerable populations.

  • Kevin Warsh should end the Fed's easy-money bias and tighten monetary policy now.
  • The Fed has missed its inflation target for 63 months while the economy nears full employment.
  • High inflation erodes savings and purchasing power, hurting the poor and middle class the most.

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