CIO ➡️ Potomac River Capital … and CoAuthor (w/@bindersab): press.princeton.edu/titles/1…
Joined December 2011
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628 Photos and videos
Jun 10
Another happy $RBIL investor …
fminvest.com/etfs/rbil-fm-ul…
Reporter: Are you concerned, Mr. President, about the latest inflation number which came out this morning?
Trump: No, I love it. I love the inflation.
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Jun 7
Academic study: I Bonds out-perform high-yield savings accounts. The link to U.S. inflation is the key. tipswatch.com/2026/06/07/aca…
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Mark Spindel retweeted
May 27
Today’s Daily Cartoon, by Paul Noth.
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May 29
Miles’ Law. “Where you stand depends on where you sit.”
jstor.org/stable/975497
May 29
This is a fascinating pair of questions about public attitudes towards inflation and interest rates:
The group that identifies as the most committed to crushing inflation in the abstract—“reduce it even if unemployment rises”—is the same group least willing to keep rates high to do it.
What should we make of a result like this? Either people don’t connect (or agree with?) the goal to the mechanism that achieves it—or stated preferences are mostly cheap until a tradeoff is on the table?
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May 22
Chair Warsh rediscovers and restates the benefits of anchoring inflation expectations….
May 21
Kevin Warsh's theory of the Fed: deter inflation the way you deter war—by being so credible you never have to fight.
"We can avoid wars if we're prepared for one. Same thing is true with inflation."
An actual war just complicated the metaphor.
The agenda he built to land the job now has to win over 18 colleagues he didn't pick and can't replace. wsj.com/economy/central-bank…
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Mark Spindel retweeted
May 13
Kevin Warsh confirmed Fed chair on most partisan confirmation vote ever (since Congress mandated separate vote to confirm chair). Dems likely deemed Warsh too close to Trump-- unwilling to distance himself from POTUS before the Senate even on who won the 2020 election.
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May 12
Twas the night before CPI … what better time to unpack “The Hidden Risk In <Safe> Money Market Funds.”
linkedin.com/pulse/hidden-ri…
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May 10
In 2018, it took Trump a mere five months to go from swearing in to swearing at Jay Powell. Hhow long until Kevin Warsh receives similar treatment?
(Citation in replies)
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May 10
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May 6
One important bit of context: Last July, Pulte claimed Powell was "considering resigning" as Fed chair, citing bogus reports. Powell never resigned, is finishing his term as chair next Friday, and has announced his intention to stay on the Fed's board as a governor in large part because of concerns that the administration is trying to undermine the Fed's operational autonomy, including through the dynamic observed with Cook.
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Apr 28
Fed needs political support to be effective. Now more than ever. Powell, to his credit, knew where the support would be, with his bosses on Capitol Hill.
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Apr 25
Apr 25
“If this becomes a tried-and-true path to bully a central banker out of office, then we will see its invocation again,” warns @Petercontibrown
“I think it’s shaken to the core central bankers’ willingness to experiment,” leaving officials inclined toward “fighting whatever comes their way using the tools that strike them not as best suited” but rather as “least controversial”
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Apr 25
Rule 11: Never believe anything until it’s officially denied. (@billbrysonn)
Apr 25
NEWS: In an interview with me, @SecScottBessent fully closes the door to ever running for elective office but opens the door to becoming Fed chair down the road (post-Warsh):
"After he leaves the Treasury, Mr. Bessent...says he has zero interest in the presidency or any other elective office. ' I will take that off the table,' he says. 'I will be the Colin Powell of this administration.
"When I ask about the Federal Reserve, however, he pauses. 'I wouldn’t say "no'" to being Fed chair later,'" he answers. 'There’s no election involved. You can shape the economy, and it’s an institution.'"
Read the full interview here:
wsj.com/opinion/scott-bessen…
@NickTimiraos @schwartzbWSJ @jeannasmialek @arappeport @amacker @colbyLsmith @clairecjones @ctorresreporter @SalehaMohsin
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Apr 24
Fed power lunch with @steveliesman Always tasty.
Apr 24
What will the Federal Reserve look like under Kevin Warsh? @PotomacRC's Mark Spindel shares his take:
cnbc.com/video/2026/04/24/po…
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Mark Spindel retweeted
Apr 22
“That’s the appropriate legal understanding.”
NEC Director Kevin Hassett tells Bloomberg’s @SalehaMohsin he agrees with Fed Chair Jay Powell’s view that the law “calls for” him to stay on as the Fed’s acting leader if a successor isn’t confirmed by May 15.
Apr 22
White House National Economic Council Director Kevin Hassett says he supports Federal Reserve Chair Jerome Powell’s plan to stay on at the central bank’s helm on a temporary basis if a successor hasn’t been confirmed by the Senate bloom.bg/4cL4ncL
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COLUMN: The president wants Jerome Powell out of the way, but he’s making that outcome less and less likely by the day, writes our @vtg2.
“Trump seems to be trying to find a way to turn an easy win on the Fed into a long slog of a loss.”
politico.com/news/magazine/2…
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