The arrival of new Federal Reserve Chairman Kevin Warsh has renewed the debate over whether the Federal Reserve (the “Fed”) can shrink its balance sheet, reduce the supply of reserves, and still maintain effective control over short-term interest rates.  This week’s “Three on Thursday” examines the evolution of the Fed’s role in the banking sector, its current state, and the challenges that could stand in the way for Warsh. For more insight, click the link below.

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