Fed Chair Nominee Kevin Warsh Advocates Central Bank ‘Regime Change’ in Senate Grilling

‘We are still dealing with the legacy of the policy errors in 2021 and 2022,’ Warsh told the Senate Banking Committee.

Kevin Warsh (L), former member of the Federal Reserve Board of Governors, talks with author Jon Hilsenrath, in Washington on April 18, 2024. Tasos Katopodis/Getty Images for Semafor

Kevin Warsh, President Donald Trump’s nominee to replace Jerome Powell as chair of the Federal Reserve, called for a “regime change” at the central bank.

Appearing at his April 21 confirmation hearing, Warsh reaffirmed the importance of Fed independence, but touted reforms to restore the century-old institution’s credibility.