Warsh Departure May Reduce Fed’s Insights Into Wall Street

Federal Reserve Governor Kevin Warsh’s departure may reduce the Wall Street intelligence that Chairman Ben S. Bernanke gathers as he weighs policy options following record easing, former central bank officials said.

Warsh, 40, resigned yesterday effective around March 31, opening a second vacancy on the Fed’s Board of Governors. Bernanke, who relied on Warsh as a close adviser, may depend more for insights about markets on New York Fed officials including President William Dudley, said Vincent Reinhart, a former Fed monetary-affairs director.