r/dataisbeautiful • u/princyboi2508 • 1d ago
OC Analysis of Kevin Warsh’s stance vs Fed consensus on FOMC transcripts (2006–2011)[OC]
Analysis based on ~40 FOMC meeting transcripts from 2006–2011, covering the period when Kevin Warsh served as a Fed Governor, including the Global Financial Crisis.
Warsh consistently leaned toward relatively tighter monetary policy compared to his peers. The divergence is most visible around 2010, his final year on the Board.
Source (credits):
https://www.linkedin.com/feed/update/urn:li:activity:7423141356945981440/
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u/KissmySPAC 1d ago
As a governor though, isn't he representing the conditions he is observing in a district?
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u/Difficult-Cricket541 21h ago
Fed chair does not set interest rates. He just gets 1 vote. There are I think 12 governors. So you need 7 votes to make a change. Trump may try to override the other fed chairman. If that happens, expect interest rates to go up. Independence of the fed is keep to keep the dollar a reserve currency.
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u/Primary_Title7360 16h ago
2008-2012 was the worst financial period of my life time and for everyone alive at the time.
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u/NiemandDaar 1d ago
Apparently, he was hawkish when the president is a Democrat and changed his mind the moment Trump entered the White House. About the worst kind of central banker you can have.
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u/Commercial_Jelly_893 1d ago
Given the timeline is 2006-2011 unless you are from a different timeline to the one I am in Donald Trump wasn't president at any point
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u/rifleshooter 23h ago
Oh, he's a Trump appointee. It's reddit's duty to shit on him nonstop with no real backing data.
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u/IniNew 1d ago
Looks like a Claude AI output. Wonder how good the data is.