Federal Reserve nominee Kevin Warsh aims to shrink the central bank's balance sheet, but a top economist suggests significant reforms are needed. Professor Darrell Duffie argues that overhauling bank liquidity rules and redesigning the payment system could ta…
Federal Reserve Chair nominee Kevin Warsh wants to significantly shrink the US central banks $6.6 trillion balance sheet. Hell probably need more than one term to do it, according to a top financial … [+3568 chars]
