Kevin Worsh, incoming Fed Chair, faces a choice: either defend the dollar through fiscal discipline (raising rates, proving scarcity, rebuilding trust) or follow the Japan model (deficit monetization, currency debasement). The latter is politically easier but undermines long-term currency credibility.
forecastpending
Speaker
Jay MartinEvidence Quote
“he's going to have to choose between trying to defend the United States dollar by being responsible and raising interest rates... versus um staring their deficit in the face, looking at the lack the the decreasing demand for US treasuries at every auction”
Created: 8/12/2026, 10:38:20 PM
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