May 14, 2026
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2:29Now PlayingJustin Wolfers explains why Kevin Warsh may not be the simple Trump-aligned Fed chair some expect. Wolfers says Fed chairs have power, but only when they earn the respect of the institution. He also points out that Warsh’s past record as an inflation hawk may put him at odds with Trump’s demand for very low interest rates — leaving one big question: nobody really knows what Kevin Warsh will do.
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