In a new episode of the Institute of International Finance’s Current Account podcast with Clay Lowrey, BWC Member Alexis Crow discusses what impact the new leadership of Fed Chair Kevin Warsh will have on US monetary policy and global markets. Alexis shares that the Fed isn’t just a central bank for the U.S.; it is also the world’s central bank. US monetary policy determines market stability across the world. According to her, Warsh will bring about a significant change as he shifts focus on the Fed itself rather than its responsibility for the rest of the world’s economic reality. Amid growing uncertainty caused by war in Iran, inflation, and new AI technology driving much of the US economy, she notes that the Fed must decide whether to step in to stop inflation and help simulate growth, or if it simply needs to stay calm and maintain stability. 

To listen to the full episode from the IIF, click here.

All views expressed by members are their own and not reflective of the views of the Bretton Woods Committee.