Attendees of the G-20 meeting in Pittsburgh and members of the Federal Reserve Board in Washington should carefully read a Wall Street Journal op-ed by Fed governor Kevin Warsh. In a piece titled “The Fed’s Job Is Only Half Over,” the former Wall Street investment banker sends a shot across the global economic bow. He says the Fed’s job will not be done until it removes the easy-money policies put in place over the past year. In other words, an exit strategy.
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Kevin Warsh Is On The Money