Kevin Warsh, poised to usher in ‘regime change’ at the Federal Reserve
His time has come. Kevin Warsh will this week chair his first meeting of the Federal Open Market Committee (FOMC), the body that sets interest rates, after his official appointment as chair of the Federal Reserve in mid‑May. The candidate chosen by U.S. President Donald Trump to lead the central bank has long awaited this moment. Warsh arrived at the Fed with a simple, precise playbook: he made clear to anyone who would listen that he favors lower interest rates, a smaller balance sheet and less transparency in communications. He called that strategic shift a “regime change.”
