Former Fed Governor Kevin Warsh: I’m less impressed about the strength of the U.S. economy today

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Kevin Warsh, Hoover Institution distinguished visiting fellow and former Federal Reserve Governor, joins ‘Squawk Box’ to discuss the relationship between economic and geopolitical instability, state of the U.S. economy, the Fed’s interest rate outlook, and more.

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48 COMMENTS

  9. Bitcoin is the solution, you can opt out of this currency devaluation and money printing machine. Eventually nations will opt out as they decide they are done importing our inflation and switch to a bitcoin standard.

  10. Warsh voted to print trillions $$$ when Bernanke was Fed chair. Now he talks tough on the sidelines. He has no power or authority to do anything. He married into extreme wealth and flaps his lips.

  11. Raise rates. Deflate asset prices. You are creating equity in homes that can be used to inflate goods and services. That’s needs to deflate or we won’t see inflation recess.

  12. Can we please nominate this man for the Fed chair! He actually gets it unlike the rest of the fed that needs to be replaced. They created this inflation that we live in and they are weak to fix it. Talking about cutting rates when inflation is going up! Revising their figures at the end of the year to be up to 2.6% but talking about cutting rates. The current Fed is the largest threat to our economy we have ever seen!

  17. I think he means to say "healthier" US economy. By some measures, the US economy may be considered "strong". I think people may not appreciate the subtle differences between "strong" and "healthy". It's possible for a weightlifter to develop apparent physical strength by pumping up on steroids, protein loading, and use of performance enhancing drugs. From external appearance, they may appear to be strong, but that external appearance masks the chronic heart, kidney, and liver disease that is taking place as a result of all the artificial boosting that is being used to create that appearance of strength. There are countless examples of professional body builders dying young as a result of the toll that maintaining their muscle mass and strength has on their internal organs. From my view, the US is internally unhealthy, with a type of artificial strength that hides the disease that is killing its society on the inside. This unhealthy economy is unsustainable over the long term.

  19. I’m pretty sure on this show he said that the government has grown by 40% since Covid. Did anyone else hear him say this. It was at the very end and he was still talking at the end of this episode

  20. This guy is really dangerous. He stoked a load of fears and is intentionally vague. But here's a quote: "Washington’s conduct of fiscal, monetary, regulatory and trade policy needs fixing so soft power can share the burden with hard power." To the people cheering for this guy, who do you think would be the hard power? (Not you. You get to share.)
    As we are unable to make a safe passenger airplane, he's saying we should de-regulate, and use our overwhelming military to force markets to play by our rules. Even if you dont understand why that is a horrible plan in terms of long-term effectiveness, its dystopian af. The last thing we want is trillion-dollar companies getting accustomed to calling in USAF airstrikes on international competitors. We failed outsourcing the building of airplanes safely – increasing the number of chances for war-crimes dramatically in the process of a run-of-the-mill M&A is a great way to start a world war. We import a lot of stuff; that doesnt work at gunpoint for very long. Sooner or later everyone clams up and starts pointing missiles.
    We just had another 20-year lesson in not-policiing the world, proved that sanctions only make adversaries stronger, and this guys advocating for more of both? WTF. Like seriously. He deserves the shadow ban almost as much as the other fool.

  22. Cowards. Not one of them said CONGRESS. Kevin danced around the issue. C'mon Joe. Fiscal Authority? The reason we are in this mess is because CONGRESS is made up of members who would rather point fingers and blame others then to actually do their job when it comes to Fiscal Policy. oh sure blame Biden. easy target. Yes, granted, he deserves some blame but we have 535 members of Congress who are incapable of leading. they need to cut spending and raise taxes but doing so would adversely affect the economy and their jobs so nothing will be done as usual. There is no reason we should have massive budget deficits, or any really, with sub 4% unemployment and recent quarterly GDP over 3 to 4%.

  24. These are fantastic takes, I was really hopeful of my investments this year, but all my plans have been disoriented, I've been studying the market crashes and I realized some investors made millions from the recent recession and I was wondering if such success rate could be achieved in this present market. and the Federal Reserve taking a more hawkish approach to interest rates. Any recommendations?

  25. From our youth shameful gods have consumed the fruits of our ancestors’ labor— their flocks and herds, their sons and daughters.
    – Jeremiah 3:24

    My deepest sympathy goes to today’s youth, as well as those not yet born. The unethical and reckless behavior of too many of today’s adults is fiscally ruining this nation, placing an immeasurable burden on the youth who will bear its full weight.

    Is it too late for recovery? Most likely, but who knows?

    If it is too late, the best years of the US are firmly in the past. Going forward the role of government will be limited to managing the decline, as a new world power gradually assumes the leadership role.

    Ecclesiastes 1:9

  27. I strongly object when talking heads say the economy looks good. The economy only "looks good" because of deficit spending. If you can't balance your budget, you don't have a "good economy"!!!

  29. So what people like this fail to realize is we will always choose inflation over depression…and why wouldn't we? If you have the capacity to stay out of recession then you will choose to stay out of recession and use the capacity until it breaks…there is no normal way to conduct economy. It is always new and changing and you stay out of recession if possible

  34. Great video, I have a quick question. I am an aspiring trader, I am looking study some traders and earn off their expertise rather than investing myself and lose money emotionally. Whats your take on copy trading? Do people really make money? Just looking for some reassurance.
    Thank you!

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