Jerome Powell’s Fed Fueled Inflation and Left Main Street Paying the Price | E.J. Antoni, Ph.D

The Daily Signal

Politics, News, Daily News, Government

4.8 • 1.4K Ratings

🗓️ 11 February 2026

⏱️ 10 minutes

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Summary

Jerome Powell’s tenure at the Federal Reserve “has been an unmitigated disaster” as his Fed “created a novel monetary framework in 2020 that is proving very difficult to manage and maintain.” The good news, however, is that Powell’s time at the Fed will be up in May, and his replacement, “inflation hawk Kevin Warsh,” looks much more promising, says E.J. Antoni, Ph.D, The Heritage Foundation’s chief economist. "If Warsh is confirmed and can clean up the Fed, it will reassure financial markets and help deliver a Main Street boom without inflation or another financial crisis." Follow us on Instagram for EXCLUSIVE bonus content and the chance to be featured in our episodes: https://www.instagram.com/problematicwomen/ Connect with our hosts on socials! Elise McCue X: https://x.com/intent/user?screen_name=EliseMcCue Instagram: https://www.instagram.com/elisemccueofficial/ Virginia Allen: X: https://x.com/intent/user?screen_name=Virginia_Allen5 Instagram: https://www.instagram.com/virginiaallenofficial/ Check out Top News in 10, hosted by The Daily Signal’s Tony Kinnett: https://www.youtube.com/playlist?list=PLjMHBev3NsoUpc2Pzfk0n89cXWBqQltHY Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:30.2	Powell's reign at the Fed has been an unmitigated disaster. It's important for folks to know that
0:36.2	the Fed, under Powell, created a novel monetary
0:39.3	framework in 2020 that is proving very difficult to manage and maintain, is imposing significant
0:45.3	cost to the American taxpayer while giving free money to banks on Wall Street and could even make
0:51.0	it highly problematic for the Fed to conduct regular monetary policy again in the future.
0:56.5	Again, Powell's failings could fill volumes, but at least he's gone in May.
1:01.7	Let's look at his replacement. It's the inflation hawk, Kevin is E.J. Antony for The Daily Signal. I'd like to talk today about the Federal Reserve,
1:22.3	including the current chairman, Jerome Powell, and Trump's recently announced replacement for him, Kevin Warsh.
1:29.2	Much of the drama around the Fed lately has been just that drama. I think that's unfortunate,
1:35.4	though, because there are some serious issues here that have had a significant and negative
1:40.6	impact on the American people. As chairman, Powell helped cause the worst inflation
1:46.4	in 40 years, gave us record high interest rates on credit cards, a frozen housing market,
1:52.9	a regional banking crisis in the spring of 2023, and more economic ills that we don't have
1:59.1	time to discuss in one of these videos. In short, though,
2:02.0	Powell's reign at the Fed has been an unmitigated disaster. Without going too far into
2:07.7	the weeds of monetary policy, it's important for folks to know that the Fed, under Powell,
2:12.5	created a novel monetary framework in 2020 that is proving very difficult to manage and maintain, is imposing
	...

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