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Warsh Channels Greenspan in Bid to Reshape Fed

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“When Kevin Warsh was sworn in as Federal Reserve chairman at the White House last month, he reached back to the man last sworn in at the same spot 39 years ago. Alan Greenspan was the first to ‘show me what this role demands,’ Warsh said,” the Wall Street Journal reports.

“One month in, Warsh is showing what he thinks the role demands, altering the machinery his predecessors built. He announced five task forces on such matters as communications and the data the Fed relies on. Supporters say these moves will boost the Fed’s credibility. Though Warsh’s approach is often described as a return to Greenspan, it was Greenspan who built a good deal of that machinery.”

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About Political Wire

Taegan 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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