Another ‘central casting’ central banker: Trump’s pick of Kevin Warsh fits a well-established pattern

President Donald Trump doesn’t simply staff his administrations. He “casts” them. And the position of chair of the Federal Reserve is no exception—perhaps the opposite.

Announcing Kevin Warsh Friday morning as his pick to replace Jerome Powell when Powell’s term expires in May, Trump praised the former Fed governor not just for his résumé, but for his fit. 

“I have known Kevin for a long period of time, and have no doubt that he will go down as one of the GREAT Fed Chairmen...