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Go to the mountains, come down from 30,000 feet

Claudia Sahm · 17 Aug 2026

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  1. I don't mind the process; it's the lack of details that is endangering Warsh's credibility.
  2. If you get in a place where we're handing the keys of the Fed's balance sheet over to the Treasury to say "get interest rates low," because they want to do more borrowing, that's a real inflation risk.

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