A potential successor to Federal Reserve Chair Jay Powell has criticized the central bank for making ‘systematic errors.’ Kevin Warsh, a former Fed governor and contender for the position, argues that the Fed requires a ‘strategic reset’ to address its self-inflicted wounds. Warsh contends that the Fed’s current approach has led to missteps, suggesting that a change in methodology is necessary. His comments come amid broader discussions about the direction of U.S. monetary policy and the Fed’s role in managing economic challenges.
— new from Financial Times
