Warsh reaches within the Fed for latest advisory appointments
New US Federal Reserve Governor Kevin Warsh holds a press conference following the two-day meeting of the Federal Open Market Committee (FOMC) at the US Federal Reserve in Washington DC on June 17, 2026.
Eric Lee | Reuters
Federal Reserve Governor Kevin Warsh has added two more key advisers as he seeks to reshape the central bank’s views on economic and monetary policy, sources familiar with the moves confirmed to CNBC.
Although Warsh had talked about broad changes needed at the Fed, he instead reached out internally to name economists for those appointments. Daniel Covitz And Eric Engström to the writings. Covitz is one of three assistant directors in the research and statistics department, and Engstrom is assistant director of financial affairs.
The appointments come a little more than a week after Warsh announced five task forces aimed at addressing broad aspects of the Fed’s operational structure. Topics to focus on will include communications, data, inflation, technology and the Fed’s balance sheet.
Warsh noted the importance of re-examining how the Fed looks at each of the key metrics and said it would use internal and external resources to tackle the projects.
But recent announcements suggest he will rely heavily on the Fed’s own experts in charting the course ahead. Both Engstrom and Covitz bring decades of Fed experience to their new positions. A Fed official stated that the duo will take turns serving in these positions while maintaining their positions in their own departments.
Warsh had previously chosen Paul Winfree, one of the architects of the controversial Project 2025 document aimed at reducing the Fed’s influence on the economy, and Stanford’s Daniel Heil, who had previously worked with Warsh.
The last two dates were the first reported In the Wall Street Journal.
