Warsh’s Nomination Was the Easy Part: RenMac’s Dutta

Renaissance Macro Research Head of Economic Research Neil Dutta joins Bloomberg Businessweek Daily to discuss his call that Federal Reserve Chairman nominee Kevin Warsh faces several uphill battles before his confirmation proceedings even begin. Dutta explains his findings that Warsh “has been hawkish throughout his entire public career, up until about the six months during which he’s been interviewing for the Fed job,” and also discusses how the Fed “being bigger than one person” could limit market anxiety. Dutta also says the gridlock around Senator Thom Tillis delaying any Fed confirmation could create more complications for Warsh. Dutta speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)