Mike McKee

We know that he's skeptical about expanding it to the extent that the central bank has.

Very skeptical about QE as well.

And the point has been made to me today on Bloomberg television.

You know, if the Fed is going to step away from a stance where it's using the balance sheet to influence the shape of the curve, that you could see long end rates go higher.

That obviously wouldn't be good news for mortgage rates, which I know that President Trump is very focused on.

And I wonder, you know, whether those views hold any water with you.

Yeah, whether or not stepping away from expanding the balance sheet will translate into higher long-end rates.

The thing about Warsh and the reason you're seeing markets react the way they are at the moment is that he was very, very hawkish when he was on the Fed before.

Even when inflation was low, he wasn't ready to cut interest rates.

And obviously that's completely contrary to what President Trump wants.

So how does he handle that?

And how does he see the role of interest rates in keeping the economy afloat and bringing inflation down?

The thing about Warsh, and the reason you're seeing markets react the way they are at the moment, is that he was very, very hawkish when he was on the Fed before.

Even when inflation was low, he wasn't ready to cut interest rates.

And obviously, that's completely contrary to what President Trump wants.

So how does he handle that, and how does he see the role of interest rates in keeping the economy afloat and bringing inflation down?

The thing about Warsh, and the reason you're seeing markets react the way they are at the moment, is that he was very, very hawkish when he was on the Fed before.

Even when inflation was low, he wasn't ready to cut interest rates.

And obviously, that's completely contrary to what President Trump wants.

So how does he handle that, and how does he see the role of interest rates in keeping the economy afloat and bringing inflation down?