Kevin Warsh returns to Federal Reserve with ‘regime change’ agenda
Kevin Warsh, the incoming chair of the U.S. Federal Reserve, returns to the central bank with an ambitious reform agenda and the looming threat of intimidation by the U.S. President Donald Trump.
Warsh was confirmed to a four-year term as the central bank’s chief by the Senate last week and was set to take his oath of office at the White House on May 22.
The 56-year-old native of upstate New York left his first term on the board prematurely in 2011, griping over policy differences.
Now, he returns to lead the Fed—tasked with, among other things, managing U.S. inflation and ensuring maximum employment—with an agenda that includes changing how it makes decisions, communicates those moves, and implements policy shifts.
