Kevin Warsh grilled in Senate hearing for Fed chair

• EJ Antoni praises Kevin Warsh's handling of the Senate hearing and his past policy insights at the Fed.
• He argues that politicians' demands for lower interest rates are not new and do not compromise Fed independence.
• Antoni criticizes the Fed's balance sheet expansion as a 'reverse Robin Hood system' that transfers wealth and causes inflation.
• He suggests Senator Tillis's hold on Warsh's confirmation due to the Powell probe is unnecessary, as Powell's incompetence is 'patently obvious'.

Heritage Foundation Chief Economist EJ Antoni discusses Kevin Warsh's Senate confirmation hearing for Fed Chair. Antoni praises Warsh's performance and qualifications, advocating for his confirmation to 'right-size' the Fed and restore monetary policy sanity. He criticizes political interference and the Fed's past policies, which he believes have led to inflation and wealth transfer.