Trump Sees Warsh as Valued Economic Advisor Amid Fed's Reduced Role

US President Donald Trump has maintained close contact with Federal Reserve Chairman Kevin Warsh since his appointment, with the two speaking regularly over the phone. This relationship has led to Warsh being seen as a valued economic advisor by the President.

Warsh's efforts at the Fed have focused on reducing the central bank's influence on financial markets. To achieve this goal, he is exploring ways to hold fewer meetings and reduce the Fed's footprint on the economy.

This approach has raised concerns among some experts that it could introduce both volatility and opportunities for investors. They argue that a reduced role for the Fed could lead to increased market uncertainty.