Former Insider Kevin Warsh Chides Fed for ‘Late’ Main Street Response

The Federal Reserve acted with “overwhelming force” to shelter the U.S. economy from Covid-19 but that has not done much to help the real economy so far, said former U.S. central banker Kevin Warsh.

“They seem to be incredibly aggressive even as risk assets are at incredible highs,” Warsh, who stepped down as a Fed governor in 2011, said Wednesday in a Bloomberg Television inverview with Lisa Abramowicz, Jonathan Ferro and Tom Keene. “I wish that same aggressiveness was being felt in the policies they are putting on Main Street.”