The Federal Reserve's Fundamental Flaw: A New Chairman's Chance to Set Things Right The appointment of Kevin Warsh as the new chairman of the Federal Reserve has sparked both hope and skepticism among economists, policymakers, and ordinary Americans.
While some see it as a much needed shake up of the institution, others are wary of the challenges that come with overhauling the Fed's deeply ingrained policies.
At its core, the problem with the Fed is a fundamental misunderstanding of inflation.