""It's easy to criticize government institutions in so many ways," he said. "I will tell whoever it is: You're about to meet the most qualified group of people you not only have ever worked with-you will ever work with-when you meet Fed staff. And not everybody's perfect, but there isn't a better cadre of professionals who are more dedicated to the public well-being than work at the Fed.""
""What the Fed really needs to do is change their operating framework," Warsh said on Fox Business in October. "They need to change their models. They need to change a lot of personnel.""
"He said such criticisms "just don't make sense," while acknowledging the structure of the macro economy is constantly changing."
The Federal Reserve defended its personnel as a highly qualified, dedicated cadre working for public well-being and resisted sweeping criticism of government institutions. Calls from Kevin Warsh urged changing the Fed's operating framework, models, and a substantial portion of staff. Advice for incoming Fed leadership emphasized avoiding political commentary and maintaining active engagement with Congress for accountability and legitimacy. Critics who argue that Fed economic models are overly backward-looking and fail to account for transformative technologies like AI were dismissed as not making sense, although the structure of the macro economy continues to evolve in response to events such as the COVID pandemic and tariffs.
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