Who is Kevin Warsh, the Fed’s new central banker

Donald Trump has announced that he will nominate Kevin Warshborn in 1970, next governor of the Fed. The new central banker is known for being the youngest Fed governor ever when he joined the Board in 2006 (he held the position until 2011), but also for his contacts in Wall Street and in political circles of Washington. And in fact also the CEO of Jp Morgan, Jamie Dimonone of the most influential voices in finance, has been advocating this in recent months. There appointment shakes the markets as, although he is considered a supporter of lower interest ratesis also considered one of the less radical choices among the various candidates proposed and perhaps more cautious than others towards strong people monetary stimuli.

The US president’s decision puts an end to one of the most controversial races for the Fed’s top job in living memory. It comes at a time when the president has relentlessly criticized Powell for not giving in to his demands for cuts interest ratescalling him as he did last Thursday an “idiot” who is damaging the economic prospects of United States.

Career and institutional roles

It boasts a long carriera in Morgan Stanley where he rose to the top of the company, dealing with mergers and acquisitions during the boom of the 90s. In 2002 he moved to government, holding the role of economic advisor of the president George W. Bush at the National Economic Council.

Academic details and current assignments

Special Assistant to President Bush for economic policy – he was the youngest, he was only 35 years old, and for this he attracted numerous criticisms – and executive secretary of the National Economic Council of the White House, Warsh is currently Shepard Family Distinguished Visiting Fellow in Economics at the Hoover Institution della Stanford Universityscholar and professor at the Stanford Graduate School of Business, member of the Group of Thirty, member of the Panel of Economic Advisers of the Congressional Budget Office, and former member of the steering committee of the Bilderberg Group. He has conducted research in the field ofeconomics and finance and has advised several private and public companies. Born in New York, he graduated in 1992 political science from Stanford University, majoring in economics. He then attended the Harvard Law Schoolgraduating cum laude with a J.D. in 1995. He also took courses in market economics and debt capital markets at the MIT Sloan School of Management and Harvard Business School. Then he landed at Morgan Stanley in 1995. And finally, the culmination of a career: the central banker chair.

Private life and assets

Few know details of his privacy: He is known to live in Manhattan, with his wife married in 2002. She is Jane Lauder and is the granddaughter and heir of Estée Lauderthe famous cosmetics brand. According to Forbes, the Warsh net worth as of September 27, 2017 it was 2 billion dollars.