, Columnist
Five Suggestions for Kevin Warsh on Fed ‘Regime Change’
Incoming Fed Chair Kevin Warsh has a big task ahead.
Photographer: Graeme Sloan/Bloomberg via Getty Images
Kevin Warsh will become Chair of the Federal Reserve next week. He has been critical of the central bank and promised “regime change.” What should Warsh do to improve how the Fed conducts and implements monetary policy?
A Group of Thirty working group that I led released a report today, The Federal Reserve’s Monetary Policy Framework: More to Do to Buttress Independence, that suggests a way forward.