Trump Meets With Kevin Warsh About Fed Chairman Job

WSJ/Michael C. Bender/09-29-17

President Donald Trump and Treasury Secretary Steven Mnuchin met with former Federal Reserve governor Kevin Warsh on Thursday to discuss his potential nomination as the next Fed chairman, a White House official said, signaling that the West Wing is moving ahead with a process that the president has said he would like to have completed by the end of the year.

PG View: Warsh was a Fed governor from 2006 to 2011 and was generally opposed to über-accommodative monetary policy, although not to the point of dissent. He is being broadly panned as too cautious, but it may be that the risks he warned about have yet to manifest . . .

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