Jerome Powell still has three days to go with the word chairman in his official job title, but his likely successor at the Federal Reserve is already facing the scrutiny that comes from holding the top central banking job in the United States.
Kevin Warsh, who received Senate confirmation as a Fed governor on Tuesday, setting the stage for his confirmation as Fed chair, is the subject of an opinion piece published in The New York Times on Tuesday. Its title: “Kevin Warsh Is Already Getting It Wrong.”
The guest essay’s authors are Janet Yellen, the Fed chair from 2014 to 2018 and Treasury Secretary from 2021 to 2025, and Jared Bernstein, who served as chair of the White House’s Council of Economic Advisers from 2023 to 2025. Both were nomina...