Larry Kudlow: Kevin Warsh understands this

• Kevin Warsh, as the new Federal Reserve Chair, aims for a 'regime change' in monetary policy to defeat inflation, which he views as a monetary policy issue caused by bad choices.
• The June CPI report showed inflation slowing more than expected, with a 0.4% monthly drop overall and 0.0% for core CPI month-over-month, leading to bond yields falling and a near-term Fed rate hike being taken off the table.
• Warsh is committed to restoring price stability (2% target) and believes it's possible to achieve strong economic growth with low inflation, citing booming business investment in advanced technology.

Larry Kudlow discusses the (hypothetical) new Federal Reserve Chair Kevin Warsh's approach to monetary policy. Warsh advocates for a 'regime change' to combat inflation, which Kudlow notes is already showing signs of slowing with the June CPI report. Kudlow suggests Warsh's strategy could lead to strong economic growth alongside low inflation.