Former Fed Governor Warsh said the ‘bad’-fed policies back in the US economy

The former Federal Reserve Governor Kevin told Warsh US economy The federal reserve may grow very large, but the “bad” policy of the federal reserve is deterring.

Warsh said “Talk nonsense“Housing Larry Kudlow,” Some Sympathy “for President Donald Trump, the federal recipe was annoyed by how to manage Jerome Powell and the central bank interest rates.

“Economic growth in the United States is preparing a boom, but since this year is a collection of bad money policy, bad money policy and very mixed standard standards.”

Warsh said that both interest rates and the balance sheet of the federal reserve is lower than them.

The federal spare counts the main interest rate for the fourth straight session

The estimated interest rate of the federal reserve is currently from 4.25% to 4.5%.

“We say we have the interest rate policy we use Housing PolicyBut now we are in a apartment recession, “the thirty-year-old-fixed-class mortgage loans are about 7%.”

Fed’s interest rates can be placed in the economy for “subsequent acceleration” to cut interest rates and lower income curve.

“This stronger economy will be good for corporate profits and it will be good for it Financial markets“He said.

“This is a simple version: Press a little less. Let the balance sheet fall down. The clerk can manage financial accounts, and thus reduce interest rates to reduce interest rates.”

He said Kudlow said that during the central bank in the Central Bank, “said the Fed’s reform” and the Fed said that the “Regime Change” of people “.

Fed Chair Powell has prevented the tariff concerns preventing cutting interest rates so far this year

Warsh served on the Fed board since 2006 to 2011.

“Now the regime change means new policy sets, new way of thinking about economic growth, inflation is really a new understanding of inflation,” Kudlow said. “It also means new personnel.”

While Fed There are “a great talent”, but also those who have to adjust the thoughts of the modern economy, “he said.

“We are sorted, we lowered the prices to zero.” Well, if you look at this balance and you can take this balance sheet to several trillion dollars Secretary of the TreasuryWhat you can come to this so large and what to do is that the work is a bit tough and as a result of the financial markets would be good. “

The Central Bank of the United States, most recent meetings, instead of choosing the ratings to keep the criterion rate at the current level.

The move was repeatedly called the dust that hit the dust and even to throw it.

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In June, after the meeting, FOMC politicians published a summary of economic forecasts known as the so-called “point area” showing members after a cut in 2026 and 2027.

Eric Revell contributed to this report.