April 25, 2026
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29:32Now PlayingMax from @UNFTR does a deep dive on Kevin Warsh, the man who will replace Jerome Powell at the Federal Reserve. Apart from his clear conflicts of interest, there’s a more troubling aspect of a Warsh tenure: his worldview simply doesn’t line up with reality. Max analyzes Warsh’s statements on lowering interest rates and shrinking the Fed balance sheet in the context of runaway deficits and stagflationary environment. Aside from the incongruous nature of this situation, the real point is that we’re having the wrong conversations. With all the focus on monetary policy interventions, what’s missing is a discussion on fiscal policy that could truly be game changing for the country.
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