What Are Kevin Warsh’s Priorities?

Kevin Warsh has been nominated by President Donald Trump to become the chair of the Federal Reserve in May. He is focused on the issue of moral hazard, which involves concerns that the expansion of the Fed's balance sheet may lead to risky behavior by banks, inflate asset prices, and encourage excessive government spending. While he acknowledges the risks associated with moral hazard, he also recognizes the importance of addressing the risk of financial meltdown.