|Board of Governors of the Federal Reserve System|
February 24, 2006 – March 31, 2011 (Resigned)
|Nominated by||George W. Bush|
|Born||Kevin Maxwell Warsh
April 13, 1970
Albany, New York
|Alma mater||Stanford University (B.A.)
Harvard Law School (J.D.)
Kevin Maxwell Warsh (born April 13, 1970), a lawyer, government official and academic, was a member of the Board of Governors of the Federal Reserve System from 2006 to 2011. He is currently a distinguished visiting fellow at Stanford University's Hoover Institution. He is a member of both the Group of Thirty and the Steering Committee of the Bilderberg Group.
Early life and education
Warsh was born in Albany, New York, and grew up near Albany, attending Shaker High School in Latham. He received a B.A. in public policy (with honors) from Stanford University in 1992 with a concentration in economics and political science. He went on to study law at Harvard Law School and received a J.D. (cum laude) in 1995. He also took coursework in market economics and debt capital markets at Harvard Business School and the MIT Sloan School of Management.
From 1995 to 2002, Warsh worked for Morgan Stanley in New York City, ultimately becoming a Vice President and Executive Director in the company's Mergers and Acquisitions Department.
From 2002 to 2006, Warsh was Special Assistant to the President for Economic Policy, and Executive Secretary of the National Economic Council. His primary areas of responsibility included domestic finance, banking and securities regulatory policy, and consumer protection. He advised the President and senior administration officials on issues related to the U.S. economy, particularly fund flows in the capital markets, securities, banking, and insurance issues. Warsh participated in the President's Working Group on Financial Markets and served as the administration's chief liaison to the independent financial regulatory agencies.
Federal Reserve Board
President Bush nominated Warsh and Randall Kroszner to fill two Fed vacancies on January 27, 2006. Warsh's nomination drew some criticism, based on his age and inexperience. At 35 years old, Warsh was the youngest appointment in the history of the Federal Reserve. At the time, former Fed vice chairman Preston Martin said Warsh's nomination was "not a good idea" and that if he had a voice in the Senate, he would vote no. However, Warsh impressed colleagues, especially Fed Chairman Ben Bernanke, with his insights and political savvy, and he played a significant role in navigating the financial market turmoil of 2007 and 2008.
His sister Kate appears on the Weather Channel where she is known as "Alexandra Steele".
- "Steering Committee". bilderbergmeetings.org. Bilderberg Group. Retrieved 2014-02-08.
- Murray, Brendan; Benjamin, Matthew (2006-02-13). "Questions are raised on Bush pick for Fed" (fee required). International Herald Tribune (Bloomberg News). Retrieved 2008-08-16.
- Ip, Gregory (2007-10-31). "Bernanke, in First Crisis, Rewrites Fed Playbook" (reprint). Wall Street Journal. Retrieved 2008-08-16.
- Ip, Gregory (2008-05-30). "Fed's Fireman On Wall Street Feels Some Heat" (fee required). Wall Street Journal. Retrieved 2008-08-16.
- Staff writer (2006-01-27). "President Bush nominates two to central bank". New York Times (Associated Press). Retrieved 2008-08-16.
- Krutsinger, Martin (2006-02-17). "Senate OKs Fed, Adviser Nominations" (fee required). AP Online. Retrieved 2008-08-16.
- Letter, FRB press release, 2011-02-10.
- Censky, Annalyn, "Fed inflation hawk Warsh resigns", CNNMoney, February 10, 2011 1:01 pm ET. Retrieved 2011-12-27.
- Chan, Sewell, "Sole Fed Governor With Close Ties to Conservatives Resigns", The New York Times, February 10, 2011. Retrieved 2011-12-27.
- Kevin M. Warsh, Hoover Institute bio. Retrieved 2011-12-27.
- Kevin M. Warsh, UPS Board of Directors. Retrieved 2014-11-30.
- "Jane Lauder Named Senior Vice President, General Manager of Origins". Business Wire. 2008-06-03. Retrieved 2008-08-16.
- "40 Under 40". CNN. 2010-03-26. Retrieved 2010-05-07.
- Warsh, Kevin, and Jeb Bush, "A New Strategy for Economic Growth", Wall Street Journal, August 10, 2011.
- Warsh, Kevin, "The 'Financial Repression' Trap", Wall Street Journal, December 6, 2011.