Kevin Warsh says Fed is dealing with 'fatal policy error'

um once you let inflation take hold in the economy, it's more expensive and harder to bring it down. And so the fatal policy error going back four or five years is still a legacy that we're dealing with. We need, in my judgment, fundamental policy reforms to fix it.And while it's true that inflation is less problematic, meaning the rate of change in prices is less severe than it was some years ago, hardworking Americans are no doubt feeling it. I think that means a regime change in the conduct of policy. I ...