CounterPunch.org | Kevin Warsh, Fed Transparency, and Corruption by Dean Baker AI generated summary, Read the full article for complete information. In this June 22, 2026 article Dean Baker examines the implications of President Trump’s appointment of Kevin Warsh as the new Federal Reserve chair, noting the paradox between Warsh’s past reputation as an inflation hawk who opposed expansionary policy during the Great Recession and Trump’s expectation that he will lower interest rates. Warsh has pledged to shrink the Fed’s balance sheet by selling trillions of bonds, a move that would likely push long‑term rates—affecting mortgages and car loans—higher, potentially contrary to Trump’s goals. More concerning to Baker is Warsh’s stated intent to roll back the recent trend toward Fed transparency, reversing the openness introduced by Greenspan, Bernanke, Yellen, and Powell. By limiting public disclosure of policy discussions, Warsh could create fertile ground for insider trading and corruption, echoing the broader “Trump‑style” corruption the author argues characterizes the administration’s second term. The piece concludes that Warsh’s approach threatens both economic stability and the integrity of the central bank. Read more: https://www.counterpunch.org/2026/06/22/kevin-warsh-fed-transparency-and-corruption/ #KevinWarsh #DonaldTrump #FederalReserve #OpenMarket #WayneAngell