Newly sworn in Fed Chairman Kevin Warsh is launching a major regime change at the central bank. He plans to slash the Fed's $6.7 trillion balance sheet toward $3 trillion and shift to median inflation metrics to filter out tariff and energy shocks. Warsh aims to narrow the Fed's focus to its core mandate by stripping away climate and social initiatives, while quieting public policy "cacophony." Though facing a divided FOMC, he aims to champion interest rate cuts by leveraging AI productivity gai
1:07
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