Inside Trump's ‘transformational' pick for Fed Chair

• Kevin Warsh is seen as a 'transformational' pick who would end the Fed's 'mission drift' and focus on a 'price rule' for monetary policy.
• His approach involves selling bonds to contract the Fed's balance sheet, which is expected to bring down inflation and subsequently lower interest rates.
• The panelists criticize past Fed policies, particularly quantitative easing (QE), for financing government spending, leading to inflation, and failing to stimulate growth.

Panelists discuss Kevin Warsh as a potential Fed Chair, highlighting his 'transformational' approach to monetary policy. They emphasize his understanding that inflation is caused by money printing and advocate for a 'price rule' to contract the Fed's balance sheet, aiming to lower inflation and interest rates, and foster economic growth.