Kevin Warsh Just Killed the Rule That Made Americans Suffer

Promethean Updates

12:52 min.

Susan Kokinda argues that new Federal Reserve Chairman Kevin Warsh’s inaugural press conference signaled a break with the Phillips Curve “cruel choice” doctrine, insisting strong growth, low prices, and high employment are compatible through productivity-led expansion. She highlights Warsh’s rejection of forward guidance and his call for markets to focus on incoming data from the real economy rather than Fed “prophecy.” Kokinda connects this shift to Trump Administration efforts to “outflank the money masters” by expanding directed credit through institutions like the Export-Import Bank, the Development Finance Corporation, and others to finance reindustrialization, machine tools, and advanced manufacturing.

https://www.youtube.com/watch?v=dA1i8O3DBic