Kevin Warsh

Shepard Family Distinguished Visiting Fellow in Economics
Biography: 

Kevin Warsh serves as the Shepard Family Distinguished Visiting Fellow in Economics at the Hoover Institution and lecturer at the Stanford Graduate School of Business.

He advises several private and public companies, including service on the board of directors of UPS.  Warsh is a member of the Group of Thirty (G30).  

Warsh conducts extensive research in the field of economics and finance.  He issued an independent report to the Bank of England proposing reforms in the conduct of monetary policy in the United Kingdom.  Parliament recently adopted the report’s recommendations.

Governor Warsh served as a member of the Board of Governors of the Federal Reserve System from 2006 until 2011.  Warsh 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.

Prior to his appointment to the Board, from 2002 until 2006, Warsh served as Special Assistant to the President for Economic Policy and Executive Secretary of the White House National Economic Council.  Previously, Warsh was a member of the Mergers & Acquisitions department at Morgan Stanley & Co. in New York, serving as Vice President and Executive Director.

Warsh received his A.B. from Stanford University, and his J.D. from Harvard Law School.

Filter By:

Topic

Type

Recent Commentary

Featured

The Fed Needs Trust, Not Tactics

by Kevin Warshvia The Wall Street Journal
Monday, October 28, 2019

Interest-rate cuts won’t hold off the next downturn. The central bank must assure markets with a plan.

Interviews

Kevin Warsh: McCloskey Speaker Series 2019: The State Of American Capitalism

interview with Kevin Warshvia Aspen Institute
Tuesday, July 30, 2019

Hoover Institution fellow Kevin Warsh discusses the current state of the economy, how it’s impacted by world affairs, and what tools the Federal Reserve has at its disposal to influence monetary policy.

Watch: Kevin Warsh at the McCloskey Speaker Series: The State of American Capitalism

interview with Kevin Warshvia Aspen Institute
Sunday, July 28, 2019

Featuring Janet Yellen, distinguished fellow at Brookings Institution and former chairman of the Board of Governors of the Federal Reserve, and Kevin Warsh, distinguished visiting fellow at the Hoover Institution and former member of the Board of Governors of the Federal Reserve in conversation with Neil Irwin. The panel will discuss the current state of the economy, how it’s impacted by world affairs, and what tools the Federal Reserve has at its disposal to influence monetary policy.

Interviews

Ex-Fed Gov. Kevin Warsh Says Fed Needs To Defend Independence, Expresses Support For Powell

interview with Kevin Warshvia Bloomberg
Friday, May 3, 2019

Hoover Institution fellow Kevin Warsh discusses the current state of monetary policy.

Tying Down the Anchor: The Task Gets Tougher

by Kevin Warshvia Strategies for Monetary Policy
Friday, May 3, 2019

One can view the proximity of the current Fed policy stance to the zero-lower-bound as an accident of history, or a wise choice. So, too, the grand scale and scope of the Fed’s balance sheet. No matter one’s judgment, the Fed finds itself with less conventional and unconventional ammunition. With ammunition low, Fed credibility – to act independently, get policy right, and explain well the rationale for its actions—is at a premium. Fed cred will be relied upon most when the economy slows or confronts a shock. So it’s encouraging that Fed is open to considering reforms in the conduct of monetary policy.

The Federal Reserve
Featured

Fed Tightening? Not Now

by Stanley Druckenmiller, Kevin Warshvia The Wall Street Journal
Sunday, December 16, 2018

The central bank should pause its double-barreled blitz of higher interest rates and tighter liquidity.

Uncommon Knowledge new logo 1400 x 1400
Blank Section (Placeholder)

How the World Recovered: The 2008 Financial Crisis Ten Years Later

interview with George Osborne, Kevin Warshvia Uncommon Knowledge
Wednesday, October 17, 2018

AUDIO ONLY

Analyzing the Global Financial Crisis and Its Aftermath in the United States and the United Kingdom with Kevin Warsh and George Osborne.

Blank Section (Placeholder)Featured

How The World Recovered: The 2008 Financial Crisis Ten Years Later

interview with Kevin Warsh, George Osbornevia Uncommon Knowledge
Wednesday, October 17, 2018

Analyzing the global financial crisis and its aftermath in the United States and the United Kingdom with Kevin Warsh and George Osborne.

Featured

The Fault Lies In R-Star And In Ourselves

by Kevin Warshvia The Wall Street Journal
Tuesday, September 25, 2018

[Subscription Required] Today, the idea most in vogue in central-bank circles is something called “r-star”—the neutral real interest rate at which monetary policy is neither accommodative nor restrictive. Many policy makers and academics now recommend setting Fed interest rates principally by determining r-star. But like many great theoretical insights—this one originally offered by Swedish economist Knut Wicksell in 1898—r-star has been pushed well beyond its practical utility.

American Enterprise Institute Remarks: The Knowledge Problem

featuring Kevin Warshvia American Enterprise Institute
Thursday, June 7, 2018

I am honored to be here alongside my Chairman, Ben Bernanke. Ben was the academic star whose remarkable leadership attributes emerged during our nation’s darkest days. And I was fortunate to be at Ben’s side, tasked with distilling market signals and leading a SWAT team of immensely talented, tireless Fed professionals.

Pages