Watchdog on Wall Street with Chris Markowski podcast

Fed “Smooth Operator”? Warsh Dodges, Spending Blamed for Inflation

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In a tense congressional hearing, Kevin Warsh earns the nickname “Smooth Operator” for his polished, evasive answers—sidestepping tough questions while projecting sharp expertise. The key takeaway: inflation isn’t driven by interest rates, but by government spending. Meanwhile, scrutiny intensifies over the Fed’s balance sheet losses and growing proposals to fix it—raising one big question: will taxpayers ultimately foot the bill?

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