Kevin Warsh Has Grand Ambitions for the Fed, But a "Family Fight" Stands in His Way
Warsh seeks to implement a regime change at the Fed.
Overview
If you weren't convinced before his confirmation, it is now abundantly clear that new Federal Reserve Chair Kevin Warsh has grand ambitions for the central bank.
Warsh is seeking to change many aspects of how the Fed operates, including how it communicates with the market, uses its balance sheet, and potentially even its view of inflation.
Details
While Warsh will have significant influence over the direction of the Fed, there are still many other members on the Federal Reserve's Board of Governors and Federal Open Market Committee (FOMC). A "family fight" looms.
Source
Originally published at www.fool.com.
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