Revolution At The Fed?

A new Federal Reserve Chairman has the potential to radically re-shape the way monetary policy is conducted in the U.S.- but, what’s the real story?
Revolution at the Fed?
A chorus of powerful men is calling for revolution at the Fed. David Malpas, former World Bank president being one of the most notable.
It's not controversial anymore, the Fed is broken.
Jerome Powell's time is up- a new Fed chair is coming soon. This past Tuesday, Kevin Warsh sat before the Senate Banking Committee for his confirmation hearing to become the next chairman of the Federal Reserve.
Outside of the typical political food fight, the most substantive part of the day was Warsh's unusually blunt assessment of where the Fed has gone wrong and what he thinks needs to change.
Warsh called the ‘policy mistakes' of 20