Amit Seru

If confirmed as @federalreserve chair, Kevin Warsh will need to update the Fed’s tools for a rapidly changing financial system in which a growing share of credit is created outside traditional banking, argues @Stanford's @AmitSeru. bit.ly/49amZ4P

Amit Seru warns policymakers against mistaking efficiency for resilience amid hidden losses and structural risks. project-syndicate.org/commentary/fed…