Kevin Warsh says he still bears the scars from “the darkest days” of the 2008 financial crisis.
Then a newly appointed Federal Reserve governor, Warsh acted as a vital conduit between the central bank and Wall Street as the financial system and the US economy confronted their gravest threat since the Great Depression.
“He brought a lot of real experience, he knew these people on Wall Street — he knew the difference between when they were arguing their book and when they were bringing us good information — and that was very, very valuable,” said Don Kohn, the former Fed vice-chair who had an office next door to Warsh.
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