Fifteen years after stepping down from the Federal Reserve over disagreements surrounding its aggressive bond-buying strategy, Kevin Warsh is poised to return as chair of the U.S. central bank with an ambitious reform agenda that could reshape how the Fed operates and communicates, Reuters reported.
Warsh, a former Fed governor and Wall Street executive, has long criticized the central bank’s massive asset purchase programs that expanded its balance sheet to roughly $6.7 trillion. His confirmation as Fed chair this month comes at a time when the institution faces mounting political pressure, persistent inflation concerns, and growing debate over its policy framework.
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