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John Carney and Michael Faulkner on Kevin Warsh Taking Over the Federal Reserve | 05-23-26

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77 WABC MiniCasts

John Carney and Michael Faulkner argue that the central bank should maintain current interest rates until geopolitical tensions in Iran subside and energy-driven inflation cools, allowing the new leadership to focus on reducing the Fed’s massive workforce and modernizing its economic models. A central theme is the AI-driven productivity boom, which the speakers believe is fueling a broad economic surge and record stock market performance without being inherently inflationary.

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