<p>In a deep interview, Walsh bluntly stated that inflation is the responsibility of the Federal Reserve and cannot be attributed to external factors. As a popular candidate to succeed Powell, his reform proposal is not about starting over but advocates for the Federal Reserve to "revive" rather than "revolutionize." Regarding the dilemma of high interest rates, Walsh believes that low interest rate space can be obtained by reducing the balance sheet. "If we let the printing press quiet down a bit, interest rates can actually be lower."</p>

- Kevin Warsh, a potential successor to the Federal Reserve chair, criticizes the current Fed's policies, arguing that inflation is a choice made by the central bank rather than external factors.  
- He advocates for a restoration of the Fed's core mission to maintain price stability, proposing a reduction of its $7 trillion balance sheet to control inflation and lower interest rates.  
- Warsh emphasizes the need for a clear division of responsibilities between the Fed and the Treasury, suggesting that practical monetary policies could lead to a new era of economic growth driven by technology and productivity.

The interview that best reflects the policy stance of Walsh: Inflation is a choice of the Federal Reserve