New Federal Reserve Chairman Kevin Warsh holds a press conference after two days of Federal Open Market Committee meetings at the Federal Reserve Board in Washington, June 17, 2026.
Eric Lee | Reuters
Federal Reserve Chairman Kevin Warsh has added two more key advisers as he seeks to overhaul the central bank’s views on economic and monetary policy, a person familiar with the move confirmed to CNBC.
Mr. Warsh talked about broader reforms needed at the Fed, but instead worked internally, naming economists Daniel Kovitz and Eric Engstrom to the posts, said the people, who requested anonymity because the discussions are private.
Mr. Kovitz is one of three deputy directors for research and statistics, and Mr. Engstrom is deputy director for finance.
The appointments come a little more than a week after Mr. Warsh announced five task forces aimed at addressing broad aspects of the Fed’s operating structure. The focus will be on communications, data, inflation, technology, and the Fed’s balance sheet.
Warsh emphasized the importance of reconsidering how the Fed views each key indicator and said he would commit resources inside and outside the Fed to tackle the project.
But the latest announcements indicate that he will rely heavily on the Fed’s own experts to chart its future direction. Mr. Engstrom and Mr. Kowitz both bring decades of Fed experience to their new roles. Fed officials said the two will serve in these roles on a rotating basis, while retaining their positions in their respective departments.
Mr. Warsh previously selected Paul Winfrey, the architect of Project 2025, a controversial document that sought to reduce the Fed’s influence over the economy, and Daniel Heil of Stanford University, who previously worked with Mr. Warsh.
The two recent appointments were first reported by the Wall Street Journal.
