Kevin M. Warsh

Distinguished Visiting Fellow

Kevin M. Warsh serves as a distinguished visiting fellow at Stanford University’s Hoover Institution and as lecturer at its Graduate School of Business.

In addition, he advises several companies, including serving on the board of directors of United Parcel Service.

Warsh served as a member of the Board of Governors of the Federal Reserve System from 2006 until 2011. He also served as the Federal Reserve's representative to the Group of Twenty (G-20) and as the board's emissary to the emerging and advanced economies in Asia. In addition, he was administrative governor, managing and overseeing the board's operations, personnel, and financial performance.

Before his appointment to the board, from 2002 until 2006, Warsh served as special assistant to the president for economic policy and as executive secretary of the White House National Economic Council. Previously, Warsh was a member of the Mergers & Acquisitions Department at Morgan Stanley in New York, serving as vice president and executive director.

Warsh was born in upstate New York. He received his AB from Stanford University and his JD from Harvard Law School.

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Recent Commentary

Federal Reserve
Featured Commentary

The Asset-Rich, Income-Poor Economy

by Kevin M. Warsh, Stanley Druckenmillervia Wall Street Journal
Thursday, June 19, 2014

The Fed's balance-sheet recovery hasn't stirred business investment, an opportunity killer for workers.

Housing Image

Warsh on Squawk Box: “this preoccupation with housing strikes me as really quite dangerous”

by Kevin M. Warshvia Squawk Box (CNBC)
Tuesday, November 26, 2013

Hoover distinguished visiting fellow Kevin M. Warsh discusses Fed policies on CNBC’s Squawk Box. Topics include housing assets, international trade, and Japan’s economy.

Federal Reserve chair Janet Yellen.
Featured Commentary

Finding Out Where Janet Yellen Stands

by Kevin M. Warshvia Wall Street Journal
Tuesday, November 12, 2013

The president nominated Janet Yellen, a friend and former colleague, to be the next chairman of the Federal Reserve. I expect she will marshal her strong intellect, meticulous preparation and ample experience to lead the central bank successfully.


Federal Reserve
Blank Section (Placeholder)Featured Commentary

The Conduct of Monetary Policy

by Kevin M. Warshvia Analysis
Wednesday, October 16, 2013

Warsh discusses the limits on the Federal Reserve's ability to regulate monetary policy. Topics include the credibility of the Federal Reserve, the importance of situational awareness for a central bank, communication policy as a tool for central banks, and the dual mandate (price stability and maximum sustainable employment) for central banks.

Generation of hands
Featured Commentary

Generational Theft Needs to Be Arrested

by Kevin M. Warsh, Stanley Druckenmiller, Geoffrey Canadavia Wall Street Journal
Friday, February 15, 2013

We come from different backgrounds, parties and pursuits but are bound by a common belief in the promise and purpose of America. After all, each of us has been the beneficiary of the choices made—and opportunities created—by previous generations of Americans.


Global Puzzle Pieces
Featured Commentary

The Retreat of Globalization

by Kevin M. Warsh, Scott Davisvia Wall Street Journal
Sunday, October 14, 2012

Some say the world is flat, but it sure doesn't look that way from the hole we're in.


Featured Commentary

Who Deserves Credit for the Improving Economy?

by Kevin M. Warshvia Wall Street Journal
Monday, April 9, 2012

American households are proving to be more prudent than their government...

Let the Market Work

by Kevin M. Warshvia Advancing a Free Society
Saturday, April 7, 2012

Financial markets are in a precarious place, with European banks and sovereign balance sheets in the crosshairs. Bank regulators are increasingly aggressive, and eurozone borrowing costs are rising as the debts of years past come due.

Let the Market Work

by Kevin M. Warshvia Hoover Digest
Friday, April 6, 2012

When a government enacts stimulus programs and manipulates asset prices, it can only buy time. By Kevin M. Warsh.

Kevin Warsh on the Kudlow Report

by Kevin M. Warshvia Advancing a Free Society
Saturday, March 3, 2012