Nathan Sheets, the Federal Reserve’s behind-the-scenes international emissary during the global financial crisis, is returning to the fray as Treasury Secretary Jacob J. Lew’s frontman on the world economic stage.
Federal Reserve Governor Kevin Warsh ’s departure may reduce the Wall Street intelligence that Chairman Ben S. Bernanke gathers as he weighs policy options following record easing, former central bank officials said.
Federal Reserve Governor Kevin Warsh , who was one of Chairman Ben S. Bernanke ’s closest financial-crisis advisers before becoming the only governor to question the expansion of record monetary stimulus in November, resigned after five years at the central bank.
Former Federal Reserve Governor Kevin Warsh said the central bank will probably press on with its “aggressive” easing as growth this year may fall short of the pace needed to put millions of Americans back to work.
Former Federal Reserve Governor Kevin Warsh said the central bank’s record monetary easing may set back the U.S. economic expansion and that he’s concerned policy makers are pushing investors into riskier assets.
Federal Reserve Governor Kevin Warsh said he’s concerned the central bank’s expansion of record stimulus may spark too much inflation, fail to aid growth and delay any plans to reduce U.S. indebtedness.