Fed Chair Warsh makes first hires at central bank, including ‘Project 2025’ author
CNBC • • general
Key Points:
- Federal Reserve Chair Kevin Warsh has hired two conservative economic policy researchers, Paul Winfree and Daniel Heil, as temporary contractors to assist with policy analysis and planning on special projects.
- Winfree, author of a chapter on the Federal Reserve in the conservative "Project 2025" blueprint, and Heil, a Hoover Institution fellow, have worked with Warsh previously.
- Warsh's advisory circle includes high-profile figures from outside the Fed, but relatively few with central banking experience, reflecting his insider-turned-critic stance since his 2007-2008 Fed governorship.
- Winfree's conservative proposals include potentially ending the Fed's dual mandate to focus solely on protecting the dollar and controlling inflation, though Warsh has publicly supported maintaining the dual mandate.
- Warsh aims to foster an environment for top talent at the Fed, signaling a tempered approach compared to his earlier calls for "regime change" and "breaking some heads" within the institution.