How Kevin Warsh Is Missing Alan Greenspan’s Point

As Kevin Warsh campaigned to be President Trump’s choice to chair the Federal Reserve, he repeatedly invoked a specific moment in Fed history. In September 1996, Alan Greenspan, then the Fed’s chair, resisted raising interest rates despite some signs that the economy was on the verge of overheating. Mr. Greenspan’s decision proved prescient, and his sagacity produced several good years for the U.S. economy. Read Full Article »