Image: The Epoch TimesFrom Bailouts to Balance Sheets—Key Takeaways From Warsh’s 1st Congressional Hearing
• Federal Reserve Chair Kevin Warsh testified at his first congressional hearing, calling for a "regime change in policy" to improve the central bank's approach. • Warsh explicitly stated that under his leadership, the Fed will no longer be in the "bailout business," contrasting his stance with the $700 billion package used during the 2008 crisis. • The Chair emphasized that "mission accomplished" has not been reached and expressed a need for better data to inform future decision-making.
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