Federal Reserve nominee Kevin Warsh advised significant structural changes to the US central bank. His comments, made during a confirmation hearing, focused on new approaches to inflation control and communication transparency.

Federal Reserve chief nominee Kevin Warsh ⁠called for “regime change” at the US central bank, including a new approach for controlling inflation and a communications ⁠overhaul that may discourage his colleagues from saying too much about the direction of monetary policy. Warsh’s comments during his confirmation hearing before the Senate Banking Committee left key questions about his nomination unresolved. Republican Senator Thom Tillis used his full time to explain why he would not vote for the....