Kevin Wash joins the Federal Reserve: The start of a new era in finance? U.S. Treasury Secretary Scott Bessent recently publicly stated that Kevin Wash’s joining will bring entirely new leadership to the Federal Reserve, with a focus on accountability, efficient governance, and sound policy. This change is expected to inject fresh momentum into the Federal Reserve while improving the transparency and credibility of financial policy. This means that the Federal Reserve’s policies may become more orderly and transparent, and its governance structure may also see an upgrade. And this set of changes may have far-reaching implications for the entire financial market, making it something we should keep paying close attention to.