Warsh's Fed 'Regime Change' May Require Patience, Consensus The appointment of Kevin Warsh as chair of the US Federal Reserve has sent shockwaves through financial circles.
Many hail his promise to bring about "regime change" within the institution, but analysts caution that he may face significant obstacles in implementing such sweeping reforms.
Warsh's plans will require buy in from the Fed's powerful inner circle and external stakeholders. As a former governor himself, Warsh is well aware of this reality.