Is The End Nigh? Former FOMC Member Warns “The Fed Is Vulnerable”

Thursday, August 25, 2016
By Paul Martin

by former Fed member Kevin Warsh
Aug 25, 2016

If, as is likely, the economy is closer to recession than resurgence, the Fed is poorly positioned to respond with force, efficacy and credibility. The Fed is vulnerable. Its recent centennial as our nation’s central bank should not be confused with its permanent acceptance in the American political system.

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