Fed’s Next Challenge: Main Street Confidence

The Senate has now confirmed Kevin Warsh’s nomination to lead the Federal Reserve. Warsh will inherit an economy with significant long-term potential, but also a growing challenge on Main Street.
In conversations I conducted with small business owners across manufacturing, transportation, construction, equipment, logistics, and services while researching my recent book on economic growth, one theme surfaced repeatedly: uncertainty surrounding borrowing costs and financing conditions is increasingly slowing business expansion.
Warsh’s recent testimony offered perhaps the clearest blueprint yet…
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