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Economist Paul Krugman Says Kevin Warsh "Sounded Utterly Conventional" at Jackson Hole, Despite Promising a Break From Fed Tradition. Does That Continuity Mean Rate Policy Won't Change Much Under Him?

Warsh wants change, but inflation still dictates Fed policy.

  • Kevin Warsh hints at Fed policy changes but speech is conventional.
  • Paul Krugman calls Warsh's remarks at Jackson Hole "utterly conventional."
  • Warsh advocates for greater flexibility, but rate policy likely unchanged.

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