Warsh says Fed must burnish its institutional credibility to get policy right
TLT•Federal Reserve Chair Kevin Warsh said the central bank must continually strengthen its institutional credibility to get monetary policy right, including through supervision and operations.
1. Credibility and policy
Speaking at an event during the IMF and World Bank annual meetings, Warsh said the Fed’s institutional credibility is more important than its ability to print money. He said failures in supervision or payments could reflect on that credibility.
