Federal Reserve Policy: Warsh’s Pursuit of Quantitative Tightening Faces Myriad Political and Market Constraints

Published on Mar 19, 2026

Kevin Warsh, President Donald Trump’s nominee to chair the Federal Reserve, has said that he wants to reduce the Fed’s “bloated” portfolio of assets and has asserted that quantitative easing (the Fed policy of buying assets like Treasuries and mortgage securities) has led to inflation. Wall Street is paying close attention, as quantitative easing (QE) […]

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