Odd Lots Lots More With Skanda Amarnath on the Risks of Kevin Warsh
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Jan 30, 2026 
Skanda Amarnath, Executive Director of Employ America and policy commentator, offers analysis on Kevin Warsh’s nomination and Fed credibility. He discusses Warsh’s crisis-era calls, shifts in policy tied to politics, risks of politicizing data-driven decisions, and why relationships and trust matter when the Fed faces future crises.
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Missed Signals In The 2008 Crisis
- Skanda Amarnath argues Kevin Warsh misread the 2007–2009 crisis and focused on inflation when financial stability was collapsing.
- That pattern suggests Warsh prioritized the wrong risks at pivotal moments, undermining crisis credibility.
Policy Views Shift With Politics
- Amarnath highlights a pattern where Warsh's policy views shift with political winds rather than consistent analysis.
- That partisan alignment raises doubts about his independence and future decision-making in office.
Data Skepticism Threatens Legitimacy
- Warsh's critique of data dependence implies he favors non-data signals, which Amarnath calls worrying for Fed legitimacy.
- Without data-based arguments, building cross-committee consensus becomes much harder.