When President Trump announced his choice for Federal Reserve chair on Friday, many observers breathed a sigh of relief. Unlike some of the overtly partisan, sycophantic candidates for the gig, Kevin Warsh seemed pretty normal. Maybe even (hallelujah!) apolitical — a crucial trait if you care about the Fed’s ability to deliver low inflation. They should not be so sanguine. Mr. Warsh’s record suggests that he may soon become one of the worst economic forecasters ever appointed to the

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