Has the Fed lost its way? Hoover Visiting Fellow Kevin Warsh thinks it has and offers solutions on how to fix it.

Kevin Warsh is the Shepard Family Distinguished Visiting Fellow in Economics at the Hoover Institution, a partner at Duquesne Family Office LLC, the investment firm of Stanley Druckenmiller, a former governor at the Federal Reserve, and on the short list of candidates to be the next chairman of the Federal Reserve.

In this conversation, Warsh offers a candid, in-depth critique of the US central bank’s recent performance. Drawing on his firsthand experience during the 2008 financial crisis and his continuing work as a macro investor and Hoover Institution fellow, Warsh argues that the Fed has strayed from its core mandate of price stability. He discusses the dangers of inflation, the legacy of quantitative easing, and the institution’s growing entanglement with fiscal policy. Along the way, Warsh revisits the insights of Milton Friedman, Paul Volcker, and Alan Greenspan, warns against institutional complacency, and outlines a vision of reform—not revolution—for the Fed. Despite the turbulence, Warsh remains bullish on America’s economic future, driven by innovation, productivity, and the enduring dynamism of its people.

Recorded on May 28, 2025.

In this wide-ranging conversation, Supreme Court Associate Justice Samuel Alito discusses the principles that guide his judicial philosophy. From his majority opinion in Dobbs v. Jackson to his views on originalism, precedent, and the role of the courts in American democracy, Alito offers a candid defense of the Constitution as a fixed and enduring document. He explores the meaning of the Equal Protection Clause, the limits of judicial power, and the tensions surrounding race-conscious policies. Justice Alito also reflects on the practical realities of the Court and the deeper meaning of constitutional interpretation, speaking with clarity, conviction, and with an eye toward the long view of American jurisprudence.

Recorded on June 6, 2025.

Peter Robinson interviews Speaker of the House Mike Johnson about the contentious passage of the “One, Big, Beautiful Bill,” a sweeping budget reconciliation measure crafted to implement core elements of the Trump agenda. Johnson defends the bill against criticism from Elon Musk and others, arguing it delivers historic tax cuts, $1.6 trillion in savings, and crucial investments in border security and national defense. The conversation delves into the arcane rules of Congress, the realities of leading a narrow majority, and the significance of the DOGE (Department of Government Efficiency) effort—driven in part by Musk—to root out waste and fraud. Johnson positions the legislation not only as fiscally responsible but also as a turning point in restoring constitutional governance and federal oversight.

Recorded on June 5, 2025.