Kevin Warsh

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Kevin Warsh
Kevin Warsh, Federal Reserve photo portrait.jpg
Board of Governors of the Federal Reserve System
In office
February 24, 2006 – March 31, 2011 (Resigned)
Nominated by George W. Bush
Personal details
Born Kevin Maxwell Warsh
(1970-04-13) April 13, 1970 (age 45)
Albany, New York
Nationality American
Spouse(s) Jane Lauder
Alma mater Stanford University (B.A.)
Harvard Law School (J.D.)

Kevin Maxwell Warsh (born April 13, 1970), is an American financier, lawyer, government official and academic.

During and in the aftermath of the 2008 financial crisis, Warsh was a governor of the Federal Reserve System, and acted as the central bank's primary liaison to Wall Street;[1] in 2011, he departed to form an investment partnership with Stanley Druckenmiller[2] at the erstwhile Duquesne Capital Management.

He currently additionally serves as a distinguished visiting fellow at Stanford University's Hoover Institution, and as a member of both the Group of Thirty and the Steering Committee of the Bilderberg Group.[3]

Early life and education[edit]

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[edit]

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.[4] However, Warsh impressed colleagues, especially Fed Chairman Ben Bernanke, with his insights and political savvy,[5] and he played a significant role in navigating the financial market turmoil of 2007 and 2008.[6]

He took office on February 24, 2006 to fill an unexpired term ending January 31, 2018.[7][8]

Warsh announced his intent to resign from the Board in a letter sent to President Obama on February 10, 2011, effective around or on March 31, 2011.[9][10][11]

Post-FRB career[edit]

Warsh is a distinguished visiting fellow at the Hoover Institution and a lecturer at the Stanford Graduate School of Business.[12] He is also a member of the board of directors at UPS. [13]

Personal life[edit]

In 2002, Warsh married Jane Lauder, a granddaughter and heiress of Estée Lauder. Jane was general manager of Origins, an Estée Lauder company, as of a 2008 report.[14]

In 2009, Warsh was named to Fortune Magazine's "40 under 40".[15]

His sister Kate appears on the Weather Channel where she is known as "Alexandra Steele".[citation needed]


  1. ^
  2. ^!/stanley-druckenmiller-april-12-2015-had-5-important-things-to-say-20150412
  3. ^ "Steering Committee". Bilderberg Group. Retrieved 2014-02-08. 
  4. ^ 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. 
  5. ^ Ip, Gregory (2007-10-31). "Bernanke, in First Crisis, Rewrites Fed Playbook" (reprint). Wall Street Journal. Retrieved 2008-08-16. 
  6. ^ Ip, Gregory (2008-05-30). "Fed's Fireman On Wall Street Feels Some Heat" (fee required). Wall Street Journal. Retrieved 2008-08-16. 
  7. ^ Staff writer (2006-01-27). "President Bush nominates two to central bank". New York Times (Associated Press). Retrieved 2008-08-16. 
  8. ^ Krutsinger, Martin (2006-02-17). "Senate OKs Fed, Adviser Nominations" (fee required). AP Online. Retrieved 2008-08-16. 
  9. ^ Letter, FRB press release, 2011-02-10.
  10. ^ Censky, Annalyn, "Fed inflation hawk Warsh resigns", CNNMoney, February 10, 2011 1:01 pm ET. Retrieved 2011-12-27.
  11. ^ Chan, Sewell, "Sole Fed Governor With Close Ties to Conservatives Resigns", The New York Times, February 10, 2011. Retrieved 2011-12-27.
  12. ^ Kevin M. Warsh, Hoover Institute bio. Retrieved 2011-12-27.
  13. ^ Kevin M. Warsh, UPS Board of Directors. Retrieved 2014-11-30.
  14. ^ "Jane Lauder Named Senior Vice President, General Manager of Origins". Business Wire. 2008-06-03. Retrieved 2008-08-16. 
  15. ^ "40 Under 40". CNN. 2010-03-26. Retrieved 2010-05-07. 


External links[edit]