Warsh’s Vision for Fed Chair Is More Insular Than Powell’s

“The Trump administration’s coming to the Fed.” That was economist Claudia Sahm’s takeaway after watching Kevin Warsh’s confirmation hearings on Tuesday to become the next chair of the Federal Reserve. Sahm, who worked at the central bank for more than a decade, is chief economist at New Century Advisors and watched the congressional grilling from her desk. Although most of her colleagues were not watching, they got a taste of the hearings from Sahm, despite the fact that she was wearing headphones. “They were kind of laughing because every once in a while I would just blurt something out,” ...