Warsh Has Been Too Quiet About Unemployment: Claudia Sahm

At his confirmation hearing last week, Kevin Warsh dodged questions about interest rates, tariffs and the 2020 election. As his nomination to be chair of the Federal Reserve heads toward confirmation after clearing the Senate Banking Committee Wednesday, it’s worth focusing on an equally troubling gap in his public record: his near silence on anything related to employment.

Warsh gave a perfunctory nod to the Fed’s dual mandate — price stability and maximum employment — in last week’s testimony, but while he extensively discussed the former, he essentially ignored the latter. The two goals, enshrined into law in 1977, are coequal ...