Gary Cohn: New Fed Chair Kevin Warsh Is Acknowledging Where We Are in the Economy, We’ve Got Inflation at Three-Year Highs

RUSH EXCERPT:
COHN: "Margaret look we have exhausted a lot global supply. All major economies carry an excess reserve and those access reserves relatively low level so I understand what everyone’s concerned about getting oil back online out is important when it comes with Federal Reserve look we have a new Federal Reserve chair person Kevin Warsh. I think Kevin is completely acknowledging where We are in the economy he understands that we’ve got inflation at three year highs He also understand Job market relatively Yes, Relatively strong And you’ll also understand there’s pressure on him to lower interest rates and then Kevin will remove himself from political pressure right thing economically This not his first time Federal Reserve I think Kevin will approach this as a very traditional fed governor. He Will stay heavily involved in his lane In monetary policy, I Think he’ll stay outside of the secondary Issues that the Fed has gotten more recently And I Think also be A position where Move based on what is actually seeing the economy"