Warsh Tasked To Make Fed Sterling Again

When Kevin Warsh is sworn in as chairman of the Federal Reserve this Friday, he will inherit more than an interest-rate debate.

He will inherit a central bank weakened by missed inflation forecasts, the ongoing mistake of calling it "transitory," new AI-driven supervisory risks, tariff misjudgments, global imbalances, and growing public distrust.

Restoring the Fed's sterling reputation will require more than new rhetoric. ...