Breitbart Business Digest: Kevin Warsh’s War on Fed Groupthink
Warsh’s most fundamental critique of the Federal Reserve targets the Fed’s devotion to economic models that consistently fail to predict reality.

Warsh’s most fundamental critique of the Federal Reserve targets the Fed’s devotion to economic models that consistently fail to predict reality.

The most consequential feature of Kevin Warsh’s view of the Federal Reserve is his focus on balance sheet reduction.

The nomination of Kevin Warsh to chair the Federal Reserve has prompted concerns from friends and foes of President Trump’s economic agenda.

This week culminated in the nomination of a former Bush White House economic official to succeed Jerome Powell as Fed chair.

Trump taps Former Fed Governor to Succeed Current Chair in May

President Donald Trump is set to announce his pick for chair of the Federal Reserve next week.

President Donald Trump on Thursday wrote that Federal Reserve Chairman Jerome Powell has refused to cut interest rates, which is hurting the American economy and costing the country hundreds of billions of dollars in interest expense.

The Federal Reserve held interest rates unchanged on Wednesday in a 10-2 vote, with officials pointing to signs of stabilization in the labor market as they signaled a pause in monetary easing.

The constitutional answer in the Trump v. Cook case isn’t an expansive judicial review of the president’s removal decisions. It’s trusting the Senate to do the job the framers assigned it.

Business expectations have fallen all the way down to the Fed’s two percent target.

The Supreme Court appeared to cast a skeptical eye on the Trump administration’s claim that it had the authority to dismiss Federal Reserve Governor Lisa Cook based on mortgage fraud allegations without giving her a formal hearing. But they also

The shot heard ’round the world was not fired by President Donald Trump but by Federal Reserve Chair Jerome Powell, who insisted he was merely defending his territory from an unwelcome intrusion of Justice Department interferers.

Jerome Powell’s decision to publicly attack the Trump administration could give President Trump the opportunity to appoint a leader of the Federal Reserve without Senate approval.

The chairs of a dozen European central banks responded to Powell’s declaration of war on the U.S. President by declaring “full solidarity”.

Jerome Powell has decided he is under assault from the Trump administration and has issued a declaration of war.

Powell claimed, without evidence, that the inquries into the renovations and his congressional testimony were merely “pretexts” for political interference in monetary policy.

President Donald Trump touted 4.2 percent gross domestic product growth for quarter three on Tuesday, significantly outperforming expectations, but said stock markets no longer rise due to good news.

The answer to the affordability crisis lies in the devaluation of currency, Sen. Rand Paul (R-KY) said during an appearance on Breitbart News Daily.

Federal Reserve Governor Stephen Miran delivered a speech Monday taking apart the tariff-inflation panic.

Federal Reserve Governor Stephen Miran argued Monday that inflation is significantly closer to the central bank’s two percent target than official measures suggest, making the case for faster interest rate cuts while systematically dismantling claims that tariffs are driving price

This is the Breitbart Business Digest weekly wrap, in which we coincidentally run through the economic and financial news of the previous seven days.

The Federal Reserve’s latest Summary of Economic Projections reveals that the inflation hawks have stood down, and Fed Governor Christopher Waller was right all along.

Until very recently, there was lots of talk on Wall Street and among Federal Reserve officials of the danger of inflation expectations becoming “unanchored” due to tariff-induced price increases.

Consumer inflation expectations held steady in November while perceptions of job security reached their strongest level of the year, according to the Federal Reserve Bank of New York’s monthly Survey of Consumer Expectations released Monday.

Federal Reserve Governor Stephen Miran in a speech in November detailed how he believes that stablecoins might help lead America’s financial “reboot,” which may lower interest rates.

Core PCE inflation holds steady as consumer expectations improve heading into final Fed meeting of 2025.

The Fed Will Cut Next Week The Federal Reserve is all but certain to cut interest rates by 25 basis points next week, bringing the federal funds rate down to a range of 3.5 to 3.75 percent. Markets are pricing

The man Trump calls a “stubborn ox” might prove stubborn enough to stick around when his term as Fed chairman expires, operating as a kind of monetary policy resistance leader for the next two years.

This week, the government finally revealed the September jobs data, and we learned about the mysterious resignation of yet another Fed official.

Tariffs paired with immigration policy, capital policy, and monetary policy are tools for breaking a low-wage equilibrium and pushing the economy toward more capital, more productivity, higher real wages, and a cooler price path.

The new San Francisco Fed paper on tariffs opens the door for using customs duties in a way that the economics profession has almost never considered: as a macroeconomic policy tool.

President Donald Trump said Wednesday that he would “love to fire” Federal Reserve Chairman Jerome Powell, whom he has long criticized for what he sees as a failure to cut interest rates fast enough.

The Federal Reserve spent 2025 worried about the wrong problem, mistakenly holding back on rate cuts out of fear that Trump’s tariffs are an inflation threat.

A new paper from the Federal Reserve Bank of San Francisco suggests that the economic establishment’s narrative that tariffs drive up inflation is wrong.

The Federal Reserve released research proving its own rate-holding decision was based on a theoretical mistake.

Federal Reserve hawks may be on the verge of making a reckless bet based on incomplete information.

Yesterday we explored how the battle over rate cuts has scrambled old alliances inside the Federal Reserve. Today we look closer at what’s driving that split and what it means for markets.

Donald Trump gained an unexpected ally Monday in his fight with the Federal Reserve: Governor Lisa Cook, the Fed official he attempted to fire this summer.

The Federal Reserve reduced its interest rate benchmark by a quarter-point for a second time this year on Wednesday, bringing the short-term borrowing rate to a range of 3.75 percent to four percent.

A new paper from researchers at the Boston Fed warns of another inflation surge. But their warning rests on questionable measurement choices, contradictory data, and a misleading citation of academic research.
