James E. Thorne says Warsh’s key test is keeping inflation expectations anchored while recognizing productivity and capital formation may have raised noninflationary growth. He cites Greenspan after Volcker, with Jackson Hole as a key moment.
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James E. Thorne says Warsh’s key test is keeping inflation expectations anchored while recognizing productivity and capital formation may have raised noninflationary growth. He cites Greenspan after Volcker, with Jackson Hole as a key moment.
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