Fed’s Warsh Resigns; Bernanke Adviser Questioned Stimulus
Bloomberg.com
Feb 10, 2011 11:23 AM MT Thu Feb 10 18:23:58 GMT 2011
Kevin Warsh, a member of the board of governors for the Federal Reserve System will resign. Photographer: Jin Lee/Bloomberg
Feb. 10 (Bloomberg) — Federal Reserve Governor Kevin Warsh, who was one of Chairman Ben S. Bernanke’s closest financial-crisis advisers before becoming the only governor to question the expansion of record monetary stimulus in November, resigned after five years at the central bank. Warsh, 40, a former investment banker who was the youngest-ever Fed governor when then-President George W. Bush appointed him in 2006, will leave “on or around March 31,” he said in a letter today to President Barack Obama that was released by the Fed in Washington. His term would have run through January 2018. Bloomberg’s Peter Cook reports. (Source: Bloomberg)
Federal Reserve Governor Kevin Warsh, who was one of Chairman Ben S. Bernanke’s closest financial-crisis advisers before becoming the only governor to question the expansion of record monetary stimulus in November, resigned after five years at the central bank.
Warsh, 40, a former investment banker who was the youngest- ever Fed governor when then-President George W. Bush appointed him in 2006, will leave “on or around March 31,” he said in a letter today to President Barack Obama that was released by the Fed in Washington.
CWNews Posted Comments