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Kevin Warsh · Federal Reserve (FED) · Wall Street · Jerome Powell · Elizabeth Warren ·

Kevin Warsh’s first Fed test is here: He must navigate hawks ‘on the offensive’ and Wall Street’s hunger for details on regime

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Eleanor Pringle.

Kevin Warsh has, to the best of his abilities, stayed out of the limelight in the run-up to taking over as chairman of the U.S. Federal Reserve.

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Federal Reserve. Warsh’s tone may be lighter than Powell’s: where his predecessor was cautiously monitoring AI’s impact on the labor market, Warsh is incredibly bullish about its potential. The mood of press conferences may be lighter. But Wall Street shouldn’t settle in for a breezy chairman, ready to air the details of central bank thinking. Warsh’s confidence, in part, may be thanks to his familiarity with the rigmarole of central banking—he previously served as a governor under Chairman Ben Bernanke between 2006 and 2011, through the great financial crisis.

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