Kevin Warsh Just Killed the Rule That Made Americans Suffer
Fed Chairman Kevin Warsh just buried the Phillips Curve "cruel choice"--Trump Admin. is building the replacement with directed credit & reindustrialization--The deeper engine of non-inflationary growth: human creativity, the American System's answer;
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.
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