"Don't expect Kevin Warsh to be a bomb-thrower."
""Warsh has a very valuable skillset of insider experience and outsider critique," said Aaron Klein, a senior fellow in economic studies at the Brookings Institution, who worked with Warsh after 9/11, when Warsh served under President George W. Bush."
"The chair is only one of 12 votes on monetary policy, though that person also controls the Fed's "incredibly powerful staff," he said."
Kevin Warsh is President Donald Trump's nominee to be the next Federal Reserve chair. He is characterized as a consensus-minded listener with the ability to manage internal disagreement and build consensus. Warsh has been a sometimes-vocal critic since leaving the Fed more than a decade ago, with noted shifts in his stance on interest rates. If confirmed, he would face pressure to cut rates faster while defending the Fed's independence and maintaining a frayed internal consensus. His grounding in the Fed's dual mandate of price stability and maximum employment and his insider experience combined with external critique could aid governance.
Read at Business Insider
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