KEVIN WARSH IS ANOTHER REASON BEHIND THIS MARKET CRASH.
Yesterday’s sell off began when the probability of Kevin Warsh becoming the next Fed Chair surged sharply. ,
This reaction was due to Kevin Warsh’s policy record.
Kevin Warsh is not a new name. He served on the Federal Reserve Board from 2006 to 2011 and played a role during the 2008 crisis. Since leaving the Fed, he has been one of the most vocal critics of how monetary policy was handled after that period.