In a new article posted by Anadolu Agency, BWC Member Christopher Smart analyzes the appointment of Kevin Warsh as Chair of the Board of Governors of the Federal Reserve System. He explains how Warsh believes productivity improvements and deregulation are key to growing the US economy without fueling price pressures, and he also advocates for reducing regulation on banks and abandoning efforts to negotiate international capital standards. Smart emphasizes the fact that Warsh will need to comprehend the increasing pressure from the shrinking US labor force, as well as the degree to which he will be able to avoid disrupting credit markets that are already experiencing a strain. 

To read the full article, click here.  

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