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Inside the Fed’s Transition of Power

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“The Senate may have confirmed Kevin Warsh as the next Federal Reserve chair, but that doesn’t mean he’s in the door,” Semafor reports.

“Before Warsh can be sworn in, the president — who left for China before lawmakers took their last vote — must sign paperwork installing Warsh in the role. Warsh has also agreed to divest from more than $100 million in undisclosed assets before starting the job (though he has more time to dump other investments).”

“At least one box has been checked: Stephen Miran, who temporarily filled Warsh’s seat at the central bank, sent his letter of resignation on Thursday.”

New York Times: As Powell steps down, the Fed confronts “regime change.”

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About Political Wire

goddard-bw-snapshotTaegan Goddard is the founder of Political Wire, one of the earliest and most influential political web sites. He also runs Political Job Hunt, Electoral Vote Map and the Political Dictionary.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

Goddard is the owner of Goddard Media LLC.

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