
A Perilous Mandate: Kevin Warsh, Presidential Trust, and the Fragile Independence of the Federal Reserve
New Federal Reserve Chair Kevin Warsh is set to benefit from a more trusting relationship with President Trump compared to his predecessor Jerome Powell, potentially granting him more political capital to pursue his reform agenda. This fragile trust, born from a president's past attacks on institutional independence, offers a perilous opportunity for Warsh to reshape monetary policy, placing the sacred principle of a non-political Fed in the hands of a volatile alliance.











































