Kevin Warsh: 5 task forces launched
New Fed Chair Kevin Warsh launched 5 task forces in his first meeting, signaling institutional reform while reaffirming commitment to bringing inflation down.
Snapshot · Bloomberg Intelligence
Microsoft and Chevron Sign 20-Year Power Deal For Texas Data Center
Explore episode
Jun 22, 2026
Where this was said
Alan Greenspan's Legacy and the Minsky Paradox
At 27:41 · chapter starts 24:48
Dennis Lockhart, former Atlanta Fed president, reflects on Greenspan's 18.5 years as Fed chair, his legendary data mastery, and how long success may have bred the blind spots that allowed the 2008 financial crisis. [1] — Dennis Lockhart "Greenspan presided over 15 years of the Great Moderation — and it may have been his undoing. Hyman Minsky's paradox: long periods of stabil…" 25:17
Greenspan served 18.5 years as Fed chair
Alan Greenspan served as Federal Reserve chairman for 18 and a half years, from 1987 to 2006, and died at age 100.
Greenspan's Greatness and His Blind Spot: The Minsky Paradox
Greenspan presided over 15 years of the Great Moderation — and it may have been his undoing. Hyman Minsky's paradox: long periods of stability breed the overconfidence that causes instability. Greenspan's light regulatory touch and deep belief in markets left him blind to the real estate crisis forming in his final years.
15 of 18.5 years: the Great Moderation
For 15 of his 18.5 years as Fed chair, Greenspan presided over the Great Moderation, a period of sustained US economic expansion.
Kevin Warsh's Hawkish Fed Debut
Kevin Warsh pulled off a difficult balancing act in his first FOMC meeting: launching 5 reform task forces while reaffirming the committee's inflation-fighting commitment. His decision not to submit a personal forecast or dot was a quiet signal — and the SEP was the most hawkish document in the room.
Similar snapshots
Young women shifted left; men stayed flat
The political divergence between young men and women is driven primarily by young women moving dramatically leftward, not by young men moving right.
1-in-3 Democrats is a college-educated woman
College-educated women now make up roughly one in three self-identified Democrats, reshaping the party's policy priorities away from class-based issues toward cultural ones.
4 in 10 young men distrust both parties
Close to four in ten young men say they don't trust either the Republican or Democratic Party, reflecting widespread political alienation among young males.
8 states have filed social media lawsuits
A total of 8 states have filed lawsuits against social media platforms, including an ongoing case in Tennessee, using product liability and public nuisance theories to seek accountability.
France built 56 nuclear plants in the 1970s
France built 56 nuclear plants in the 1970s and now has the cheapest energy in Europe, making it independent of Russian or Middle Eastern energy geopolitics.
Estonia has one tax form
Estonia has a single tax form, a law preventing the government from asking citizens for the same information twice, and a flat rate of tax — enabling competitive taxation.
Lisbon legalised drugs and slashed crime
Portugal's Lisbon, once a city with a major heroin problem, legalised drugs and redirected enforcement spending into rehabilitation and housing, dramatically reducing crime.
Boland Amendment vote: 411-0
The first Boland Amendment banning CIA and Defense Department funds for the Contras passed the House unanimously — yet the Reagan administration ignored it.
Saudi Arabia donated $32M to Contras
Over just two years, Saudi Arabia alone donated $32 million to the Contra rebels, giving loosely affiliated factions millions they had no way to spend on arms.
