Major change is afoot in Washington. A new chairman of the Federal Reserve has been named to fill arguably the most important job in the country for shaping the course of the economy. What can we expect from the new chair? Kevin Warsh will do things differently once he is eventually confirmed to take over for outgoing Chair Jay Powell, in office since 2017.
He will want to tighten the Federal Reserve's focus, concentrating on core monetary and financial policy, and dispensing with what he has called side issues, such as climate change and combating inequality.
