Kevin Warsh Outlines Reform Agenda as New Fed Chairman
Federal Reserve Chairman Kevin Warsh signaled a broad review of central bank operations and policy strategies in his first official memo to employees. He has appointed conservative analysts Daniel Heil and Paul Winfree to advise his transition as he considers changes to the balance sheet and inflation measurement.
United States Federal Reserve Chair Kevin Warsh pledged to prioritize getting policy right in his first memo to staff on Tuesday. Warsh takes over from Jerome Powell as the Federal Reserve faces legal challenges to its institutional independence. Investors are gauging how quickly Warsh will pivot from Powell's communication and inflation targeting strategies.
