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By Bruno COLMANT, Ph.D., Member of the Royal Academy of Belgium
The impending nomination of Kevin Warsh as Chair of the Federal Reserve represents far more than a routine change in leadership: it signals a profound intellectual pivot in global monetary policy that will reverberate through financial markets for decades. Kevin Warsh is a formidable thinker with a razor-sharp intellect, and his appointment to the helm of the world’s most powerful central bank marks a decisive end to the era of reactive, data-dependent fine-tuning.
To understand the “Warsh Doctrine” is to recognize that we are moving toward a regime governed by structural conviction, one that deliberately mirrors the high-growth, low-inflation dynamics of the late 19th century....
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