Kevin Warsh

I think we were probably in the early innings of a structural decline in prices.

Ken sees it on the front lines of real businesses.

And I think if you look over the period of the next year or two, it's a pretty special moment.

Senator, absolutely not.

no, I'm honored the president nominated me for the position and I'll be an independent actor if confirmed as chairman of the Federal Reserve.

Senator, I have worked tirelessly with the ethics officials at the Office of Government Ethics.

I'm doing an ethics agreement with them and have agreed, Senator, to sell all of my financial assets.

That's not my question.

This is as consequential a moment for the U.S.

economy and frankly for the institution as any point since the late 1970s.

So the president has never sat you down, looked you in the eye and said, here's the deal, Scooter, I'm going to appoint you president.

But you got to agree to lower interest rates.

That didn't happen or did happen?

The president never once asked me to commit to any particular interest rate decision, period.

And nor would I ever agree to do so if he had.

But he never did.

Are you going to be the president's human sock puppet?

Senator, absolutely not.

Are you going to be anybody's human sock puppet?

No, I'm honored the president nominated me for the position and I'll be an independent actor if confirmed as chairman of the Federal Reserve.