As an economist, one of my chief embarrassments is that normies like to ask me about interest rates and the Fed, and I usually don't have much intelligent to say, since I don't follow that stuff day in and day out.
The last time this happened someone asked me what I think of Kevin Warsh, our new Federal Reserve Chairman... and honestly, I'm not sure what to think.
I've been told that he's actually quite critical of the rampant monetary inflation that happened under Bernanke and Powell. But it seems like right now his critics think he's too dovish? I can't help but think a lot of the criticism is just politically motivated (lower rates when my preferred party is in power, raise rates otherwise)... but again, I don't follow this stuff closely enough.
This is easier to answer, though you get more confused reactions, when you say there’s no right way to manage a commie politburo.
maybe a similar, but more diplomatic way to say that is "i actually think money should be free"
That is sure to be misinterpreted
The honest answer is the chair barely moves the needle, the seat does. Powell printed his way into the job description and Warsh will inherit the same playbook, hawkish press releases or not. Watching the Fed for signals is reading tea leaves, the institution is the policy.