From Reuters.

President Trump’s pick to run the Federal Reserve says it needs “regime change” but can the nominee deliver an overhaul? Kevin Warsh has criticized the Fed on everything from interest rates to how it communicates. Host Carmel Crimmins talks to Fed correspondent Howard Schneider about what Warsh wants and how it might go.

Howard Schneider covers the U.S. Federal Reserve, monetary policy and the economy, a graduate of the University of Maryland and Johns Hopkins University with previous experience as a foreign correspondent, economics reporter and on the local staff of the Washington Post.

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Produced by Eliza Davis Beard and Ethan Plotkin

Sound engineering and music by Josh Sommer

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Further listening

A divided Fed (https://www.reuters.com/podcasts/divided-fed-2025-12-17/)

The ‘goldilocks’ interest rate (https://www.reuters.com/podcasts/goldilocks-interest-rate-2024-11-06/)

‘Decoupling’ (https://www.reuters.com/podcasts/decoupling-2025-02-12/)

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