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Fed Governor Stephen Miran talks rates, stablecoins and AI
The Peg: How do you view the appointment of Kevin Warsh as chair, and to what degree does a more hawkish chair allow the Fed to push through larger rate cuts this year? Stephen Miran: I’m really excited for Kevin Warsh. He comes to the Fed with an enormous reputation as a very deep and serious thinker about monetary policy, about the balance sheet, about the banking system, and about the interaction of these various things. He’s got a great reputation in financial markets and policy circles generally, so I’m very excited about what he’s going to bring to the Fed. There is this famous Rogoff ‘85 result that ... (full story)
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