Former Fed Governor Kevin Warsh touts 'regime change' at Fed

I think that's right. I believe that. But here's what's happened.The Fed now says, "Well, we'll make a decision about interest rate cuts depending on whether prices of goods in the next month or two go up." Well, what that's really saying is they must be doubting their own inflation fighting credibility. If they were a very credible central bank, they could say, "We're looking past this one-off change in prices." And so, their hesitancy to cut rates, I think, is actually quite a quite a mark against them. I ...