THINKING ALOUD
Kevin Warsh’s Fed: Reform agenda or reputational risk?
His early actions would show if he is a disciplined reformer or a politically convenient appointment
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KEVIN Warsh arrives at the Eccles Building at one of the more fraught moments in the US Federal Reserve’s modern history.
Having cleared the Senate Banking Committee on a 13-11 party-line vote, the first fully partisan committee tally for a Fed chair nominee, he is poised to succeed Jerome Powell after May 15.
The vote itself tells a story: The post-Volcker convention that monetary policy stands above politics is now openly contested.
