✉news BusinessBanking first seen 6 h ago, last 48 min ago, peak #6
Warsh Slams Fed's 2020 Framework Over Inflation Strategy
Original: Warsh Criticizes Fed’s 2020 Framework, Says It Wasn’t First Central Bank To Seek ‘A Little More Inflation And End Up With A Lot More’
Kevin Warsh, a leading candidate for Federal Reserve chair, criticized the Fed's 2020 monetary policy framework, which adopted average inflation targeting that allowed inflation to run above 2% to compensate for past shortfalls. He argued the Fed was not the first central bank to seek 'a little more inflation' only to end up with 'a lot more,' pointing to the post-pandemic inflation surge that peaked above 9% in the US. His comments have drawn attention as the Fed conducts a review of the framework.
Why now: Warsh is seen as a frontrunner to lead the Fed, making his critique of current monetary policy highly consequential.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/62374