Kevin Warsh’s Fed Will End the War on Main Street and Trucking
View original at finance.yahoo.comKevin Warsh’s Fed Will End the War on Main Street and Trucking Kevin Warsh doesn’t believe the Federal Reserve should sacrifice Main Street to save Wall Street…
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For the first time in 26 years, the United States produced more steel than Japan
80% confidenceMoney on Wall Street is too easy, and credit on Main Street is too tight
80% confidenceThe Fed has effectively been implementing fiscal policy by picking winners and losers in the economy, with Wall Street consistently winning and Main Street consistently losing
80% confidenceThe Fed's bloated balance sheet created conditions where big institutional players could access cheap money while small businesses and working Americans faced the squeeze
80% confidenceMany carriers were operating every mile at a loss
80% confidenceThat scarring from the past few years is going to prevent banks and entrepreneurs and fleet executives from expansion
80% confidenceIf you announce good news, that means they're going to raise interest rates because they want to kill it
80% confidenceMarket still has nearly 86,000 more for-hire trucking firms than it did before the pandemic, a 33% increase in carrier population
80% confidenceFed should shrink its balance sheet and lower interest rates to support households and small and medium-sized businesses
80% confidenceHigh mortgage rates restrain construction activity
80% confidenceFed track record under Powell is one of unwise choices
80% confidenceInflation is caused when government spends too much and prints too much
80% confidenceFor every positive panelist comment about new orders, 1.3 comments indicated concern about near-term demand, driven by tariff costs and other uncertainties
80% confidence
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