"The financial community could be puzzled because of Kevin Warsh's past views on monetary policy, but I believe he has given up a lot of his old views and convinced Trump he would try to get rates as low as possible to get this position. His views could change once Trump is out of office, but as long as Trump is president, I believe we don't have to worry about the pre-Trump Kevin Warsh."
"Warsh served as a Fed Governor from 2006-2011 and after the 2008 financial crisis he acted as the Fed's primary liaison to Wall Street. He is currently a partner of Stanley Druckenmiller at Duquesne Family Office LLC and the Shepard Family Distinguished Visiting Fellow in Economics at Stanford University's Hoover Institution. Warsh received his A.B. from Stanford University, and J.D. from Harvard Law School."
President Donald Trump announced Kevin Warsh as his pick for the next Federal Reserve chair, with Warsh set to succeed Jerome Powell when Powell's term ends in May if confirmed. The nomination was posted on Truth Social and followed Trump's praise of Warsh. Markets moved on the news as the 10-year yield initially rose then eased. Analysts noted Warsh's past monetary-policy positions and speculated he may shift to align with Trump while Trump remains in office. Warsh served as a Fed governor during 2006–2011, was a post-crisis liaison to Wall Street, and holds positions at Duquesne Family Office and Stanford's Hoover Institution. Educational credentials include an A.B. from Stanford and a J.D. from Harvard Law School. Recent tensions include the administration's push to lower rates and an ongoing legal matter involving Fed Governor Lisa Cook.
Read at www.housingwire.com
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