Fed Chair Warsh taps conservative researchers for initial policy team

Fed Chair Kevin Warsh has hired two conservative policy researchers—Paul Winfree and Daniel Heil—as interim advisers to assist with policy analysis. Winfree authored a chapter for the Project 2025 policy blueprint, which includes ideas that go beyond Warsh’s calls for “regime change,” such as potentially ending the Fed’s dual mandate and focusing on protecting the dollar and restraining inflation. Heil is a Hoover Institution fellow. Both hires are temporary contractors, with Warsh yet to appoint permanent staff; the Fed did not comment.