At 35, Warsh became the youngest ever Fed governor when he joined the central bank in 2006. He served as the central bank’s main liaison to Wall Street during the 2008 financial crisis. Prior to joining the central bank, Warsh worked as a mergers and acquisitions banker at Morgan Stanley from 1995 to 2002 and as an economics adviser in the George W. Bush Administration.

Warsh has argued in favor of a dramatic overhaul of the central bank. At an April lecture hosted by the Group of Thirty, an international body of economists and financial leaders, Warsh said “the Fed’s current wounds are largely self-inflicted.” He told CNBC in July that the Fed needs “regime change in the conduct of policy” and “a new Treasury-Fed accord, like we did in 1951 after another period where we built up our nation’s debt and we were stuck with a central bank that was working at cross purposes with the Treasury.”