Kevin Warsh on Fox Business: The Fed can “lower interest rates a lot” to get mortgage rates down. Warsh also says the Fed should shrink its balance sheet to “redeploy that money to Main Street so that Main Street can have the strong economy that we’re seeing in financial markets.” https://www.youtube.com/watch?v=abTvG3NtrKQ “What the Fed really needs to do is change their operating framework. They need to change their models. They need to change a lot of personnel, and in some ways, their policies need to be as focused on Main Street as President Trump's policies. If I look right now at what they're doing, their policies are quite good for Wall Street. They need to take their balance sheet down and redeploy that money to Main Street so that Main Street can have the strong economy that we're seeing in financial markets.” “We can lower interest rates a lot, and in so doing get 30-year fixed-rate mortgages so they're affordable so we can get the housing market to get going again. And the way to do that is, as you say, to free up the balance sheet take money out of Wall Street. Wall Street right now is booming. They don't need any extra help. They don't need excess money. But that excess money can go to Main Street and that will give us room for lower interest rates.”(Nick Timiraos)