Federal Reserve Chairman Adds Two Internal Economists as Advisors

Federal Reserve Chairman Kevin Warsh appointed two internal economists to advisory roles focused on monetary policy and economic analysis. The appointees are a deputy director in the research and statistics division and an associate director in monetary affairs. Both will serve on a rotating basis while retaining their existing division positions.

Task forces and external hires The advisory additions come roughly ten days after Warsh announced five task forces covering communication, data, inflation, technology, and the Fed's balance sheet. Earlier selections included an architect of Project 2025 and a Stanford affiliate who had previously worked with Warsh.

A Fed official said the chairman intends to draw on both internal staff and outside experts for the reviews.