Fed Chair Kevin Warsh has hired two outside advisers on temporary contracts to support early-stage policy analysis and planning, people familiar with the matter said. One adviser, Paul Winfree, was a White House domestic policy expert in Trump’s first term and is a named author of the Federal Reserve chapter in the 2025 Plan, a conservative policy blueprint that recommends comprehensive structural reform of the Fed. The other, Daniel Heil, is a policy researcher at Stanford’s Hoover Institution

Fed Chair Kevin Warsh has hired two outside advisers on temporary contracts to support early-stage policy analysis and planning, people familiar with the matter said. One adviser, Paul Winfree, was a White House domestic policy expert in Trump’s first term and is a named author of the Federal Reserve chapter in the 2025 Plan, a conservative policy blueprint that recommends comprehensive structural reform of the Fed. The other, Daniel Heil, is a policy researcher at Stanford’s Hoover Institution who advised a 2016 presidential campaign on economic policy and has recently written on cutting federal health spending and Social Security. Both have long records in conservative policy circles and work outside the Fed’s core technical specialties; Warsh has not decided on any longer-term, formal roles for them.