Fmr. Fed Pres. Richard Fisher: Warsh would face a 'fog on uncertainty' as Fed Chair

Summary

Former Dallas Fed President Richard Fisher discusses the future of Fed Chair Powell and the potential confirmation of Kevin Warsh. He emphasizes the need for Powell to ensure compliance to avoid further investigations and highlights ongoing inflationary pressures in the economy. Fisher also draws historical parallels to Fed independence under Truman.

• Richard Fisher comments on the investigation into Fed Chair Powell being dropped.
• He advises Powell to ensure all regulatory compliance is met.
• Fisher discusses the uncertainty surrounding a possible Warsh-led Fed.
• He notes ongoing inflationary pressures from supply constraints and pricing power.
• Fisher compares the situation to the 1951 Fed-Treasury Accord under Harry Truman.
• The conversation focuses on Fed independence and near-term policy inaction.