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- Indexed issues, last 90 days
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- Sep 10, 2026
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- Sep 10, 2026
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The Fed @ Jackson Hole. (opens the original)
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What is the Fed up to? By his statements at Jackson Hole, it appears that Warsh is looking to establish a new relationship between then market, the Fed and Congress. Unfortunately, it depends on congressional cooperation. The current congressional environment is accelerating the trend toward greater expenditures. How can the Fed be confident that Warsh’s new plan will work?I don’t think the Fed can be confident it will work. A fiscal problem exists regardless. Tax cuts financed by borrowing, def
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