Kevin Warsh
Kevin Warsh is the Shepard Family Distinguished Visiting Fellow in Economics at the Hoover Institution and a Lecturer at the Stanford Graduate School of Business. A leading monetary policy expert and macroeconomist, Warsh has served the United States at the highest levels of government and finance, including roles at the Federal Reserve, the White House, and Morgan Stanley. As a member of the Federal Reserve Board of Governors, Warsh played a pivotal role during the Global Financial Crisis, serving as the Fed’s point person on financial markets and helping design key policy responses that stabilized the global economy. Before joining the Federal Reserve, he served as Special Assistant to the President for Economic Policy and Executive Secretary of the White House National Economic Council, where he advised on domestic and international financial issues. Earlier in his career, Warsh was Vice President and Executive Director in the Mergers & Acquisitions group at Morgan Stanley & Co. in New York, advising major corporate clients on strategic transactions. Beyond academia, he is currently a Partner at Duquesne Family Office and serves on the Board of Directors of UPS and Coupang, South Korea’s leading e-commerce company.
Kevin Warsh Professional Experience / Academic History
Professional Experience
-
Shepard Family Distinguished Visiting Fellow in Economics
-
Lecturer
-
Board of Governors
-
Executive Secretary
-
Vice President and Executive Director, Mergers & Acquisitions
Academic History
-
J.D., Law, Economics, and Regulatory Policy
-
A.B., Public Policy, Economics
CURRENT AFFILIATIONS
Board of Directors, UPS
Board of Directors, Coupang
Advisor Network, Electric Capital
Trustee, Group of Thirty G30
Trustee, Panel of Economic Advisers of the Congressional Budget Office
FEDERAL RESERVE SYSTEM
Kevin Warsh was appointed to the Board of Governors of the Federal Reserve System in 2006. During his tenure, he represented the Board at the Group of Twenty (G-20) and served as a key emissary to both emerging and advanced economies in Asia.
As Administrative Governor, he managed and oversaw the Board’s operations, personnel, and financial performance.
Throughout the 2008 Global Financial Crisis, Warsh played a central role as the Federal Reserve’s primary liaison to Wall Street, coordinating with financial institutions, foreign central banks, and senior U.S. policymakers in Congress and the Executive Branch.
He delivered a number of influential speeches on monetary policy and financial stability, including “The End of History?,” “The Federal Funds Rate in Extraordinary Times,” and “Rejecting the Requiem.”
Prior to joining the Federal Reserve, Kevin Warsh served in the White House as Special Assistant to the President for Economic Policy and as Executive Secretary of the National Economic Council.
In this capacity, he advised the President and senior administration officials on a wide range of economic issues, including capital markets, banking, securities, and insurance policy.
He was also a member of the President’s Working Group on Financial Markets, contributing to key policy discussions shaping the U.S. financial system.
Before entering public service, Warsh worked at Morgan Stanley & Co. in New York, where he served in the Mergers and Acquisitions division as Vice President and Executive Director.
In this role, he provided strategic financial advisory services to clients across industries including manufacturing, materials, professional services, and technology.
He also structured and executed capital markets transactions, facilitating both fixed income and equity financing for corporate clients.