Congratulations to our next Chairman of the Board of Governors of the Federal Reserve System, Kevin Warsh who was confirmed today by the U.S. Senate. I have known Kevin for most of his adult life. I first met him as a student in my international politics class at Stanford University, and it was clear even then that he was exceptional.
Kevin is uniquely suited to serve at this moment. He is battle-tested, principled, and brings the breadth of judgment this role demands. Just as important, he understands how deeply international relations and monetary policy are intertwined - a reality that will only grow more consequential in the years ahead.
He is the right person at the right time. On behalf of his friends and colleagues at the Hoover Institution, we wish him well.