Kevin Warsh walks into a trap where the Fed can’t cut rates even if it
wants to
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Kevin Warsh is becoming Federal Reserve chair at a pivotal moment for the
U.S. economy — forcing him to be something other than the disruptor he
hoped to be.
59 minutes ago







Seeded by Waterwynd
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When journalists define politics as a game played by the insiders, their job description becomes: find out what the insiders are doing to "win" the game. Reveal those tactics to the public because then the public can... well, this is where it gets dodgy. As my friend Todd Gitlin once wrote, news coverage that treats politics as an insiders' game invites the public to become "cognoscenti of their own bamboozlement."