Kevin Warsh has spent years criticizing the Federal Reserve for doing too much. More recently, he has suggested it may need to do the opposite.
That tension will be front and center Tuesday at his confirmation hearing before the Senate Banking Committee, delivering the first real test of how President Donald Trump’s nominee to succeed Fed Chair Jerome Powell could reshape monetary policy at a time when the global economy is already facing seismic shifts.
Warsh’s past comments suggest he wants a leaner, more disciplined Fed, one that places greater emphasis on restraint, and less on communication and the broader powers the Fed assumed in