Kevin Warsh
Nominee for Federal Reserve Chair with extensive private tech venture holdings and an AI-optimist macroeconomic thesis.
“"The Fed left interest rates unchanged at Kevin Warsh's first meeting as chair, and released projections showing that many Fed governors expect rates to rise later this year."”
“I think with the Kevin Warsh Fed I think we could see north of future of our monetary policy.”
Source→“Incoming Fed chair Kevin Warsh wants to shrink the central bank's multi-trillion-dollar bond portfolio, but... he may run into hard limits.”
“Walsh spoke a lot about the deflationary evolution promised by AI and that he expects that it will drive productivity growth like we've never seen before. But he said, I don't know what that's going to do to the job market, that there may be a dislocation between that productivity growth being realized and how the labor markets are going to be able to respond.”
Source→“Crusoe, a data center energy company, is even among a Fed Chair nominee's personal portfolio holdings.”
“If he's confirmed as the next Fed chair, it would be the closest the office has ever come to Silicon Valley.”
“We are going to have to make a bet...my simple version of this is, everything technology touches gets cheaper.”
AI-extracted from podcast / newsletter / paper summaries. May contain errors.