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Key moments from Kevin Warsh's swearing-in at the White House: 1. Trump tells Warsh to be "totally independent." "Don't look at me. Don't look at anybody." 2. Two minutes later, he gives some suggestions by laying out what he's looking for: a booming economy needn't be cooled, and "economic growth doesn't mean inflation." "We want it to boom. We want it to be like nobody has ever had before because we do have some debt we'd like to take care of." 3. Trump suggests the committee will fall in line. The Fed's other policymakers "make their own decisions, but they'll be listening to Kevin all the way" — even those "from a somewhat different persuasion." 4. Greenspan, not Bernanke. Warsh reached back to Greenspan, sworn in at the same spot in 1987, and vowed to lead "with energy and purpose, just the way Chairman Greenspan did." No mention of Ben Bernanke—the chair Warsh served under for all five years as a governor.
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