Kevin Warsh’s Fed Will End the War on Main Street and Trucking

What we drew from this source

The claims Via News extracted from this document. We point to the source; we don't replace it.

• For the first time in 26 years, the United States produced more steel than Japan

  80% confidence

• Money on Wall Street is too easy, and credit on Main Street is too tight

  80% confidence

• The Fed has effectively been implementing fiscal policy by picking winners and losers in the economy, with Wall Street consistently winning and Main Street consistently losing

  80% confidence

• The Fed's bloated balance sheet created conditions where big institutional players could access cheap money while small businesses and working Americans faced the squeeze

  80% confidence

• Many carriers were operating every mile at a loss

  80% confidence

• That scarring from the past few years is going to prevent banks and entrepreneurs and fleet executives from expansion

  80% confidence

• If you announce good news, that means they're going to raise interest rates because they want to kill it

  80% confidence

• Market still has nearly 86,000 more for-hire trucking firms than it did before the pandemic, a 33% increase in carrier population

  80% confidence

• Fed should shrink its balance sheet and lower interest rates to support households and small and medium-sized businesses

  80% confidence

• High mortgage rates restrain construction activity

  80% confidence

• Fed track record under Powell is one of unwise choices

  80% confidence

• Inflation is caused when government spends too much and prints too much

  80% confidence

• For every positive panelist comment about new orders, 1.3 comments indicated concern about near-term demand, driven by tariff costs and other uncertainties

  80% confidence

Cited in these Via News reports

• Fed Slashes Rates to 3.5% After 26-Month Manufacturing Slump Echoes Global Industrial Decline →
• Federal Reserve Cuts Rates to 3.5-3.75% After 16-Month Hiking Campaign That Reshaped Global Borrowing Costs →
• Powell's Fed Exit in May Meets $1.1T U.S. Tax Cut as Social Security Insolvency Moves to 2032 →
• U.S. Fed Independence Under Threat as $1.1 Trillion Medicaid Cuts Risk Contagion to Global Markets →
• U.S. Social Security Insolvency Moves to 2032 as $1.1 Trillion in Tax Cuts Hit Federal Budget →
• US Social Security Faces 2032 Insolvency as $1.1 Trillion Tax Cut Package Drains Funds →
• US Social Security Faces 2032 Insolvency as Political Pressure Threatens Fed Independence →
• US Social Security Insolvency Accelerates to 2032, Threatening 30% Cut for 70 Million Recipients →
• US Social Security Insolvency Advances to 2032 as $1.1 Trillion Spending Bill Cuts Revenues →