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LARRY KUDLOW: Kevin Warsh’s message to markets — good news can be good news again
Kevin Warsh’s maiden voyage press conference as the new Fed chairman was a masterful performance. He was knowledgeable, succinct, collegial, humble. By the way, so was the Fed’s press release. Short and sweet. My two biggest takeaways were first: the central bank’s emphasis right now is on price stability. Their statement emphasized strong productivity and business capital investment, along with job gains and low unemployment. By the way, productivity and business investment on the supply-side will be a hallmark of Mr. Warsh’s thinking. Yet inflation is the key target right now. As Mr. Warsh p...4 days ago
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