Trump Fed chair’s inflation strategy: leave it to the market | Eduardo Porter

After his latest appearance set off a bout of volatility, Kevin M. Warsh, the chairman of the Federal Reserve, is under pressure to clear up mixed signals about his commitment to getting inflation down.

Kevin Warsh would rather stay out of the fray – and thus devalue the Fed’s credibility as an economic steward It must feel strange to argue that government action is inevitably counter-productive – illegitimate even – when the government is you. For the last half century, the…