Why Fed Chairman Warsh Says 'Inflation Is A Choice'

I think Kevin Warsh wants the debate between the Fed to be had in house. The way a family fight is. A family fight is you talk amongst yourselves and then the neighbors come over and everybody's all smiles.I think he doesn't want debate about policy to play out in the public arena. I wouldn't prejudge what happens in the future. We had a good family fight on it for a couple of days, and we ended up, I think, in a better place.There are three phrases I've heard Warsh use over and over again. The first one is ...