A look at Kevin Warsh's voting record at the Fed

Core Insights - Federal Reserve Chair nominee Kevin Worsh has a voting record that shows he never dissented during his tenure as a Fed Governor, which raises questions about his independence and decision-making style [1][3]. Group 1: Voting Record and Policy Stance - Worsh's voting history from February 2006 to March 2011 indicates he consistently aligned with the FOMC consensus, including three rate hikes upon joining in 2006, followed by steady rates and cuts during the financial crisis [3]. - In April 2008, Worsh expressed concerns about inflation while voting for a 25 basis point rate cut, warning that further cuts could signal a dangerous tolerance for inflation [4]. - Worsh emphasized the importance of central bank independence and maintaining inflation expectations, arguing against succumbing to political pressures [5]. Group 2: Current Perspectives and Future Implications - Recently, Worsh has argued that interest rates could be lower due to a productivity boom from AI, which he believes could help reduce inflation [6]. - The confirmation process for Worsh as Fed Chair is ongoing, with implications for current Fed Chair Jay Powell's future role as his term expires [8].