Federal Reserve Chairman Kevin Warsh names two conservative advisers

By Editorial Team · Published June 2, 2026 · 2 min read · Source: Crypto Briefing

Federal Reserve Chairman Kevin Warsh names two conservative advisers

Paul Winfree, a Heritage Foundation-affiliated economist and Project 2025 contributor, joins Warsh's inner circle as the new Fed chair settles in.

Add us on Google by Editorial Team Jun. 2, 2026

Kevin Warsh is barely a week into his tenure as Federal Reserve Chairman, and he’s already signaling the ideological direction of his leadership. The newly sworn-in chair has appointed two outside advisers to help guide his transition, with Paul Winfree, a conservative economist with deep ties to the Heritage Foundation and Project 2025, being the most notable name.

From nomination to gavel in record time

Warsh’s path to the Fed’s top seat moved quickly by Washington standards. President Trump nominated him on March 4, 2026. The Senate confirmed him as a Board member on May 12, then as Chairman just one day later on May 13.

He was sworn in on May 22, 2026. The whole process, from nomination to taking the oath, took roughly two and a half months.

Warsh isn’t new to the building. He previously served as a Federal Reserve Governor from 2006 to 2011, a stretch that included navigating the worst financial crisis since the Great Depression.

His selection aligns squarely with the Trump administration’s stated goals of pushing for lower interest rates and reorienting economic policy toward what the White House has called a “Main Street” emphasis.

The Winfree factor

Paul Winfree previously served as Director of Budget Policy in the Trump administration. He’s also held a leadership role at the Economic Policy Innovation Center. His contribution to Project 2025, the Heritage Foundation-backed blueprint that advocates for sweeping changes to how the federal government operates, is the detail generating the most discussion in policy circles.

On the monetary policy front, Project 2025’s recommendations include significant reduction of the Fed’s balance sheet and a rethinking of the central bank’s approach to its dual mandate of stable prices and maximum employment.

The identity of the second adviser has not been publicly disclosed beyond the initial announcement.

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