New Fed chair’s vision: A leaner, faster, more modern central bank

Commentary: New challenges for new Federal Reserve

Mike Tyson famously said everyone has a plan until he’s punched in the face. The same might be said of Donald Trump and new Federal Reserve Chair Kevin Warsh’s plans for the Fed under new leadership.

New Fed chair’s vision: A leaner, faster, more modern central bank

Kevin Warsh, the new Federal Reserve chair, is proposing a broad restructuring of how the central bank operates, aiming to make it more streamlined, more data-driven and more tightly coordinated under the chair’s leadership, The New York Times reports. A key part of his plan is reducing the complexity of the Fed’s internal structure. He has introduced new task forces focused on core functions like economic forecasting, inflation measurement and …

New Fed Chair - Clark Center Forum

This Finance survey examines (a) If the Federal Reserve under Kevin Warsh were to reduce its balance sheet by at least $1 trillion over the next 12 months, it would measurably improve the functioning of financial markets over his four-year appointed term as chair; (b) If the Federal Reserve under Kevin Warsh were to provide substantially less forward guidance and communication than it has done in the recent past, it would measurably improve the …

Kevin Warsh’s New Fed With Streamlining Operations and New Guidance

Warsh is looking to streamline the Fed and sharpen its focus on price stability. The new Fed Chair created five internal task forces to review how the bank operates. He believes the markets should lead the way for the Fed, rather than the other way around. Federal Reserve Chair Kevin Warsh, who took over earlier this year, has started making structural changes inside the central bank. Instead of just tweaking interest rates, Warsh is trying to r…