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Open original source ↗Warsh is trying to change the Fed.
* Waller is insulting Warsh in front of colleagues at dinner.
* Fed Gov Barr is against balance sheet changes before they are proposed
* Now Bostic is worried they will make changes for no reason at all.
The Fed is insular and broken
Quoted context
These are the quoted author’s words.
At a NABE seminar, former Atlanta Fed President Raphael Bostic says he hopes the new Fed task forces start from a positioning of understanding why the Fed chose to operate, communicate, analyze etc. the way they did. “Changing just to change makes me nervous,” says Bostic. You “may just change yourself into a third best outcome.” “I hope the impulse to change is tempered by the real work the task force does.”
NickTimiraos ↗