Economics

Fed Chair Candidate Kevin Warsh Draws Opposition From Left and Right

  • Druckenmiller has been one of Warsh’s biggest boosters
  • Warsh argued against QE2 with jobless rate above 9% in 2010

Possible Fed Nominees: Yellen, Cohn, Warsh, Powell

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On a Wednesday in mid-September, a group of progressive activists concerned about the stewardship of the American economy packed a meeting room on Capitol Hill with staff of Senate Democrats. Part strategy session and part pep talk, the gathering had a very specific aim.

“We’ll do whatever we can do to prevent Kevin Warsh from taking on the role of chair of the Federal Reserve,” Jennifer Epps-Addison, president of the Center for Popular Democracy, told the gathering.