Nick Timiraos
speaker
1,192 appearances
14 recordings
5 series
first heard Oct 2025
last heard 17 Sep
Nick Timiraos’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 14 in all, peaking in Jun 2026 with 4.
Appearances
It is going to be an awkward setup because Kevin Warsh got the job after a fairly pointed public campaign highlighting all the ways he believed the Fed had screwed up under Powell.
And now the person he criticized is going to be sitting at the same table while he leads them through these discussions.
You know, the math on the Fed board is there are seven governors.
And then there's Jay Powell.
If Powell leaves, that seventh seat opens up.
You've got an administration that has shown it will use the courts, the Justice Department, any other levers it can to try to control who sits in those seats because those are the people who set interest rates.
And so for Powell, he's not staying to secure a particular policy for interest rates or bank regulation.
I don't think this is about what he will do.
It's about what his presence prevents.
One of the concerns that we've written a little bit about over the past few months is a clear erosion of what we call Fed independence, their ability to set interest rates without political dictates.
So by staying, Powell is taking that seat off the table and really becoming a firewall.
And so for Powell, this is about protecting the institution or at least making sure that when he does go, it doesn't lead to even a bigger fracture.
It certainly could be read that way.
People will say, look at what he's doing now.
He just won't leave.
He won't let Kevin Warsh, the new Senate-confirmed Fed chair, come in and run the Fed the way he thinks it should be run.
I'll put it this way.
In the last 20 years, when you wanted to know where the Fed was heading, you really only had to listen to one voice, which was the chair.
If that's not the Fed that we're going to have, if you have a committee that's openly split, regional bank presidents who are publicly pushing back, that means that instead of one signal, you're going to have a chorus potentially of competing signals and volatility around competition.
What people expect the Fed to do can bake in a risk premium into long-term interest rates, meaning that uncertainty about the path of policy itself becomes a cost.
Showing 901–920 of 1,192 · page 46 of 60
← Previous
Next →