PolicyEconomyMonetary policyOpinionUS government debt and the size of the collateral-based non-bank financial intermediaries sector need to lose weight. This should come first.Adrian Blundell-WignallEconomistThe new chair of the US Federal Reserve, Kevin Warsh, wants to be a reformer of the central bank.An opponent of quantitative easing under former Fed chief Ben Bernanke, he was always the hawk. Now, Warsh apparently wants to reverse those past QE mistakes as President Donald Trump calls for interest rate cuts.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Latest In EconomyFetching latest articlesMost Viewed In Policy