Calhoun Sees Promise in Warsh's Early Days at the Fed

Joseph Calhoun of Alhambra Investments recently made an unexpected statement about Federal Reserve official Kevin Warsh. In a recent assessment, Calhoun noted that Warsh is off to a good start in his new role. This comes as a surprise because it implies that expectations were low for Warsh's performance.

The phrase 'changing one's mind and proving there is no need to do so' was used by Calhoun to describe the approach many people take when faced with a choice between altering their opinions or demonstrating that they are not necessary. This suggests that some people may have had doubts about Warsh's abilities before he began his new position.

The conversation with Calhoun on this topic is available in full on realclearmarkets.com, and it includes related topics such as the Federal Reserve.