Two sides of Kevin Warsh were presented to the world at his Senate Banking Committee hearing this morning: From the Republicans, a “battle-tested” economist, ready to step into the role of Federal Reserve chairman in his “finest hour” at a turning point for the economy.
From the Democrats, Warsh is a “sock puppet”—both for Donald Trump in the White House and for Wall Street CEOs. To confirm him, Sen. Elizabeth Warren said, was to vote for catastrophe, leading the central bank down a path to erosion of its independence.
