Warsh, beyond Powell and glory (opens in new tab)

Soon in a theater near you!Kevin Warsh will have a difficult task ahead. But it is not quite the one most political and economic analysts have been emphasizing. For much of the commentariat, Warsh’s problem is that he needs to hike interest rates, and defy Trump. Many are concerned that he won't have the courage to do it.Although he was seen as a hawk on inflation, he has been tempted by the possibility that artificial intelligence might raise productivity and allow lower interest rates. Like...