Quote of the Day, March 5 -- "Money on Wall Street is too easy, and credit on Main Street is too tight" - Kevin Warsh.
Inflation has been a talking point in the US in the recent years, especially after Donald Trump took office as President. Since taking over as the President of the United States, Trump has sparred with Federal Reserve Chairperson Jerome Powell over his moves to not lower interest rates, saying that this action has kept Fed rates high.
Kevin Warsh, who was nominated as the new Chair of the Federal Reserve, echoed these sentiments on inflation and called it a 'choice' in a new Wall Street Journal op-ed.
The quote of the day today also talks about that. Here is everything you need to know about quote of the day today.
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