Warsh reaches within the Fed for latest advisory appointments

New U.S. Federal Reserve Chairman Kevin Warsh holds a press conference following a two-day meeting of the Federal Open Market Committee (FOMC), at the U.S. Federal Reserve in Washington, D.C., U.S. June 17, 2026. Eric Lee | Reuters Federal Reserve Chairman Kevin Warsh has added two more key advisors as he seeks to remake how the central bank approaches its views on the economy and monetary policy, people familiar with the moves confirmed to CNBC. Though Warsh has talked about broad changes that need to be made at the Fed, he instead reached inside for these appointments, naming economists Daniel Covitz and Eric Engstrom to the posts. Covitz is one of three deputy directors in the research and statistics division while Engstrom is an associate director in monetary affairs. The appointments come a little more than a week after Warsh announced five task forces aimed at addressing broad aspects of the Fed's operational structure. Among the focuses will be communication, data, inflation, technology and the Fed's balance sheet. Warsh has touted the importance of re-examining how the Fed views each of the key metrics and said he will deploy resources both inside and outside the institution to tackle the projects. However, the latest announcements indicate that he will rely heavily on the Fed's own experts as he charts the course ahead. Both Engstrom and Covitz bring decades of Fed experience to their new positions. …