Federal Reserve Chair Warsh Appoints Two Advisors, Both Conservatives

Odaily Planet Daily News: Federal Reserve Chair Warsh has hired two external individuals as advisors to assist him in the early stages of his tenure. One of them previously contributed to drafting a conservative policy blueprint that advocates for a complete structural overhaul of the Federal Reserve. According to sources familiar with the matter, one of the advisors is Paul Winfree, who served as a White House domestic policy expert during the first Trump administration. He is also the named author of the chapter on the Federal Reserve in "Project 2025," a conservative policy blueprint developed ahead of the 2024 election. The other advisor is Daniel Heil, a policy fellow at Stanford University's Hoover Institution who previously served as an economic policy advisor on the 2016 presidential campaign team. His recent writings have primarily focused on reducing federal healthcare spending costs and Social Security issues. Both individuals have long been active in conservative policy circles, and their professional backgrounds lie outside the core responsibilities of the Federal Reserve. One source said the two advisors will work on a temporary contract basis, assisting Warsh with policy analysis and planning. Warsh has not yet made a final decision on whether they will take on longer-term, formal positions within the Fed. (Jinshi)