Warsh: The wealthiest extract the primary gains from central bank QE
Kevin Warsh · Kevin Warsh as Fed Chair, Google targets Chinese Cyber Weapon, WSJ Mansion Section | Diet TBPN · Jan 31, 2026 · at 16:44
In a speech clip played on TBPN, Fed Chair nominee Kevin Warsh critiques quantitative easing for primarily enriching sophisticated investors over everyday workers.
0:00 / 0:25exact quote · 25.3s
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“Where the gains have been extracted by the most well-to-do, by the most sophisticated, who see that the central banks are, to one degree or another, trying to get asset prices up to drag up the real economy. They get the joke, they have been willing to play the game, and it does strike me as though we have to think about not just the efficacy of these programs, but really who are the winners and the losers.”
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