Former Treasury official urges Warsh to reaffirm 2% inflation target rather than hike rates

Faulkender: Warsh Should Reaffirm 2% Target, Not Hike Rates

Michael Faulkender, Former Deputy Secretary of the United States Treasury,  says Kevin Warsh should reinforce his commitment to bringing inflation back to 2.0%, while arguing that energy-driven price pressures do not justify an interest-rate increase. Faulkender says the $40 trillion debt threshold may have finally focused markets on rising debt-service costs and describes the Treasury’s bond-buyback program as useful, but only a “rounding error.” He also assesses Axios reporting that Marco R...