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    Nominee Warsh Testifies He Will NOT Be a Sock Puppet


    Nominee Warsh Testifies He Will NOT Be a Sock Puppet

    https://i.redd.it/b28g7xjg8kwg1.jpeg

    Posted by meifx

    43 Comments

    6. meifx on

      “This is the most disruptive moment in economic history for the United States and the World.”

      Senators asking Warsh to discuss his views on A.I., and he is not answering.

    7. 66catman on

      I will not be a sock puppet until I’m a sock puppet. They all say the same thing and then become the same thing.

      Sock puppets.

    9. meifx on

      The data used to judge inflation is imperfect data. We need to develop new data sources to understand what is really happening in the economy.

      PCE is “rough swag”

      What is the underlying change in the broad economy?

      Broad sense is that inflation is improving “somewhat”. I want to look at “Trend Averages” which eliminate the tail effects.

      Is this the norm?

      Some people are starting to look, but this is one of the first projects that I would undertake as Chair of the Fed.

      (paraphrasing)

    11. hnglmkrnglbrry on

      If someone has to ask, “Are you a sock puppet?” then you are absolutely a sock puppet.

    12. Orlimar1 on

      Remember when all his previous picks said they would not be puppets? That they would do what was best for their departments?

      Pepperidge Farms remembers.

    14. Weird_Priority_9119 on

      Sock puppet? Isn’t that when you make a secondary account on an online platform pretending to be a different person?

    15. IceCreamforLunch on

      He’s arguing that we shouldn’t be worried about inflation because AI will dramatically increase productivity. But historically, the Fed would base their decisions on data and not speculation. If productivity is off the charts in a year then by all means lower interest rates. But don’t do it now assuming that’s going to happen!

    23. SunriseSurprise on

      “Yea we built this contraption where Trump can just type stuff and this device will literally force me to say it all. I remember him saying something to the effect of ‘no one’s ever seen anything like it’.”

    29. beepingclownshoes on

      I demand to see both of this man’s hands when he talks. None of this 🤞funny business.

    30. delusiongenerator on

      “I will not be a sock puppet!”

      “….I actually consider myself more of a marionette-type puppet, which the president, in his infinite wisdom, greatly prefers.”

    33. ThatsAllFolksAgain on

      He was so easily rattled by Elizabeth Warren. She was able to make him look like a lying suck up because she exposed the truth about him.

    35. JacobFromAmerica on

      If I ever get accused / punished for lying in court, there are hundreds or even thousands of compilation videos of Trump’s puppets and Trump himself just straight up lying in court

    38. meifx on

      The Fed Balance Sheet has been unhelpful in achieving its dual mandate. The Fed is partially to blame for allowing its expanding balance sheet to inflate financial assets which benefitted asset owners. I am a fan of using traditional interest rate policy versus balance sheet expansion.

      In response to GFC, I was part of the Fed when we needed QE, but I believe we now need a smaller Fed balance sheet.

    43. Affectionate-End2461 on

      Time will tell! Once you are a sitting chair, it is almost impossible to remove. So we will see.

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