Kevin Warsh – Bio 2022 Age, Wife, Business, Net Worth

Kevin Maxwell Warsh is a famous scholar, financier, and former government official from the United States.

Also, Warsh was a governor of the Federal Reserve System during and after the 2008 financial crisis.

Who is Kevin Warsh?

Kevin Maxwell Warsh is an American scholar, financier, and former government figure.

During and after the 2008 financial crisis, Warsh was a governor of the Federal Reserve System, serving as the central bank’s primary liaison to Wall Street.

Also, he was the Federal Reserve’s representative to the Group of Twenty (G-20). Warsh was the Board’s emissary to Asia’s emerging and advanced economies.

Kevin Warsh (Source: Standford Business Graduate School)

Early Life

Kevin Warsh’s date of birth is April 13, 1970. He will be 52 years old as of April 2022. In addition, Warsh’s zodiac sign is Aries.

Warsh was the youngest of three children born to Judith and Robert Warsh in Albany, New York. He grew up and his family raised him in the nearby town of Loudonville, New York, and attended Shaker High School in Latham.
Additionally, Warsh is a fervent follower of the Jewish faith.

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In 1992, he graduated from Stanford University with a Bachelor of Arts in public policy with a concentration in economics and political science. He subsequently attended Harvard Law School, where he earned an honors J.D. in 1995. He studied market economics and debt capital markets at Harvard Business School and the MIT Sloan School of Management.

Warsh worked for Morgan Stanley in New York City from 1995 to 2002, rising through the ranks of the company’s mergers and acquisitions department to executive director.

From 2002 until 2006, Warsh was the President’s Special Assistant for Economic Policy and the Executive Secretary of the National Economic Council.

Also, Warsh was a member of the President’s Working Group on Financial Markets.

Kevin Warsh Federal Reserve Board

On January 27, 2006, President Bush nominated Kevin Warsh and Randall Kroszner to fill two Federal Reserve vacancies.
Then, on February 24, 2006, Warsh was sworn in to complete an unexpired term that ended on January 31, 2018.

Kevin Warsh Financial Crisis

In March 2006, Kevin Warsh attended his first meeting of the Federal Open Market Committee (FOMC), the Fed’s governing body.
He was instrumental in handling the 2007 and 2008 financial market turbulence.

In addition, Warsh attempted to organize mergers between Citigroup and Goldman Sachs, as well as Wachovia and Goldman Sachs, during the financial crisis. These attempts were in vain.

Then, he was granted a waiver to deal with his previous company Morgan Stanley on September 20, 2008.

Morgan Stanley was turned into a bank holding company the next day to have access to Federal Reserve financing, effectively salvaging the company.

The Recovery

Kevin Warsh was particularly suspicious of the Fed’s proposal to promote economic activity and jobs by lowering long-term interest rates during the November 2010 FOMC meeting.

Although unemployment was near 10%, Warsh told his colleagues that he would vote for QE2 only out of respect for Chairman Bernanke.

In addition, Warsh was concerned that maintaining unprecedented monetary policy accommodation would be ineffective.

Also, he voted in favor as promised, but the following week he gave a speech in New York and wrote an op-ed in the Wall Street Journal expressing his doubts.

He claimed that monetary policy alone would not be enough to solve the economy’s issues, and he advocated for tax and regulatory reforms to boost productivity and long-term growth.

However, in a letter to President Obama dated February 10, 2011, Warsh announced his intention to resign from the Board, effective around or on March 31, 2011.

Kevin Warsh Standford

Kevin Warsh is a Stanford Graduate School of Business scholar and lecturer.

In addition, he is the Shepard Family Distinguished Visiting Fellow at Stanford University’s Hoover Institution.

Kevin Warsh is with his wife, Jane Lauder. (Source: eCelebrity Mirror)

He is also a member of the UPS board of directors as well as the Rubicon Global advisory board.

In December 2016, Warsh joined a corporate forum established by then-president-elect Donald Trump.

Personal Life

In 2002, Kevin Warsh married Jane Lauder, Estée Lauder’s granddaughter, and heiress.

Jane Lauder had worked for the family business, the Estée Lauder company, for many years. New York City is where the pair is based.

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After serving as the general manager of Origins, Lauder has been the Global Brand President for Clinique since 2014.

According to Forbes, her net worth was $2 billion as of September 27, 2017. Warsh’s father-in-law is Ronald Lauder.

Finally, in 2009, Fortune Magazine’s “40 Under 40” list named Warsh as one of their contenders.

Net Worth

Kevin Warsh’s net worth ranges between $1 million and $5 million.

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