How Kevin Warsh Could Reshape the Fed

Like David Bowie once did, Federal Reserve Chair nominee Kevin Warsh is calling for ch-ch-ch-ch-changes. Or maybe a Talking Heads “Burning Down the House” reference is more apt, depending on which Wall Street-er you’re talking to. During Warsh’s confirmation hearing last week, President Donald Trump’s pick for the top job hinted at an out-with-the-old-in-with-the-new approach to monetary policy that would upend some long-standing architecture of the Fed’s decision-making. It hasn’t been an easy road. Warsh has faced grilling from lawmakers (Sen. Elizabeth Warren called him Trump’s “sock puppet”) ...