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Federal Reserve Chair Powell appoints two advisors, both conservatives

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Golden Finance News reported that on June 3, Federal Reserve Chair Wash has hired two external individuals to serve as advisors and help him carry out work in the early stages of his term. One of them previously participated in drafting a conservative policy blueprint that called for comprehensive structural reforms to the Federal Reserve. It is understood that one of the advisors is Paul Winfree. During President Trump’s first term in office, he served as a White House domestic policy expert. He is also the named author of the Federal Reserve chapter in the “2025 Plan,” a conservative policy blueprint formulated before the 2024 presidential election. The other advisor is Daniel Heil, a policy researcher at Stanford University’s Hoover Institution, who previously served as an economic policy adviser to the 2016 presidential campaign team. His recent writings mainly focus on cutting the costs of federal healthcare spending and on Social Security issues. Both have long been active in conservative policy circles, and their professional backgrounds are in areas outside the Federal Reserve’s core responsibilities. An insider said that the two advisors will work as temporary contract staff to assist Wash with policy analysis and planning; Wash has not yet made a final decision on whether they will hold longer-term, formal positions within the Federal Reserve.
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