Free Republic

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 that 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. Warsh made that clear Tuesday, echoing what he stressed in 2010: “Independence in the conduct of monetary policy is at the core of advanced...

Kevin Warsh, the 56-year-old former Federal Reserve governor, was in the hot seat for his Senate Banking Committee confirmation hearing and said his Fed would be independent from the White House. Warsh fielded questions on issues ranging from his views on monetary policy to his sprawling and complex personal finances to his ties to the Trump White House. He would become the wealthiest Fed chair if confirmed. Questions about the Fed’s long-cherished independence have dominated the discourse surrounding the central bank during President Donald Trump’s second term. Warsh gave a qualified endorsement of Fed independence — but noted he doesn’t...

Federal Reserve Chair Jerome Powell says he will keep serving as head of the central bank if his nominated successor, Kevin Warsh, is not confirmed by the time his term is up in May, as dictated by the law. Separately, Powell said he will not leave his Board of Governors position, which technically extends until early 2028, until the Department of Justice investigation of him is “well and truly over with transparency and finality.” Powell said during his Wednesday press conference that he would serve as “chair pro tem” if Warsh, President Donald Trump’s pick to take over the role,...

President Donald Trump on Friday named Kevin Warsh to succeed Jerome Powell as Federal Reserve chair, ending a five-month odyssey that has seen unprecedented turmoil around the central bank. The decision culminates a process that officially began last summer but started much earlier than that, with Trump launching a fusillade of criticism against the Powell-led Fed almost since Powell took the job in 2018. “I have known Kevin for a long period of time, and have no doubt that he will go down as one of the GREAT Fed Chairmen, maybe the best,” said Trump in a Truth Social post...

U.S. President-elect Donald Trump floated the idea of appointing Kevin Warsh as Treasury Secretary on the understanding that he could later be Federal Reserve Chairman, The Wall Street Journal reported, citing people familiar with the matter.The potential arrangement was discussed between Trump and Warsh, a former investment banker who served on the Federal Reserve Board, at Trump's Mar-a-Lago retreat on Wednesday, the Thursday report added.Trump is also thinking about appointing Scott Bessent, a longtime hedge fund investor who taught at Yale University for several years, to lead the White House National Economic Council before he could be nominated to replace...

WASHINGTON (AP) - President Bush is nominating Randall Kroszner and Kevin Warsh to fill two vacancies on the Federal Reserve's board of governors. With the nominations announced Friday, Bush will have nominated or re-nominated all seven members of the Fed board including selecting Ben Bernanke to take over as chairman of the Fed from Alan Greenspan, who is retiring Tuesday after 18 1/2 years in the job. Kroszner, 43, is an economics professor in the University of Chicago's graduate school of business and a previous member of the Council of Economic Advisers. He directs the university's George J. Stigler Center...

The White House on Friday nominated Randall S. Kroszner, a conservative economics professor from the University of Chicago Graduate School of Business, to fill one of two vacancies on the seven-member Federal Reserve Board of Governors. --snip-- "We're on different sides of the aisle, but he's extremely intelligent," said Goolsbee. "He's one of the two or three people in the world you'd turn to on banking regulation. I think any economist who knows Randy would say `Wow, what a good choice.'" --snip-- Kashyap said Kroszner has a libertarian bent when it comes to issues like taxation and entitlement programs. He...