'Regime change but in a velvet glove': How Kevin Warsh has set out to remake the Fed

'Regime change but in a velvet glove': How Kevin Warsh has set out to remake the Fed

Kevin Warsh, new Federal Reserve chair, launched five task forces to systematically overhaul Fed operations—communications, economic data, inflation framework, AI impact, and the $6.7 trillion balance sheet. This "regime change in velvet glove" signals institutional recalibration of monetary policy with direct implications for venture capital, tech M&A, and market financing dynamics.