Confirm Kevin Warsh to head the Fed ASAP
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Confirm Kevin Warsh to head the Fed ASAP
If the Senate wants to fight inflation and put the US economy on an even keel, it should confirm Kevin Warsh to head the Federal Reserve Board as soon as possible.
Warsh’s confirmation hearing Tuesday before the Senate Banking Committee should remove any doubt he’s the right man to head the Fed.
A Stanford professor who served on the Fed board from 2006 to 2011, he’s won the respect of almost everyone, including many Democrats.
In 2006, Sen. Chuck Schumer (D-NY) called him “tremendously accomplished,” adding he “knows unequivocally . . . the Fed must be independent, non-ideological and nonpartisan.”
Warsh made that clear Tuesday, echoing what he stressed in 2010: “Independence in the conduct of monetary policy is at the core of advanced modern economies.”
That puts the lie to Sen. Elizabeth Warren’s portrayal of Warsh as Trump’s “sock puppet”; she and........
