Kevin Warsh returns to Federal Reserve with 'regime change' agenda

Warsh was confirmed to a 14-year term on the Fed's board by the Senate on Tuesday, with a separate vote due to install him as the central bank's chief. The 56-year-old native of upstate New York left his first term on the board prematurely in 2011, griping over policy differences. Now, he returns to lead the Fed -- tasked with, among other things, managing US inflation and ensuring maximum employment -- with an agenda that includes changing how it makes decisions, communicates those moves and implements policy shifts.