Fed Chair Kevin Warsh Taps Veteran Economists Daniel Covitz and Eric Engstrom as Senior Advisers

New Senior Advisers Join the Fed

Federal Reserve Chairman Kevin Warsh revealed on June 26, 2026 that he has appointed Daniel Covitz and Eric Engstrom as senior advisers to the central bank. The appointments were first reported by the Wall Street Journal and corroborated by sources familiar with the decision.

Background of the Advisers

Both Covitz and Engstrom are veteran economists with long tenures at prominent central banks and international financial institutions. Their experience spans monetary‑policy formulation, financial‑stability analysis, and macro‑economic research, making them well‑suited to support the new chair’s agenda.

Strategic Intent

Warsh’s decision reflects a strategic effort to strengthen the Federal Reserve’s leadership team with deep technical expertise. By bringing in advisers who have navigated complex economic environments, the Fed aims to enhance its analytical capacity and improve the formulation of policy that impacts both U.S. and global markets.

Reactions and Outlook

The appointments have been received positively by market observers, who view the addition of seasoned central‑bank professionals as a signal of stability and rigorous policy oversight. As the new chair prepares to outline his policy priorities, Covitz and Engstrom are expected to play key roles in shaping discussions around inflation, interest‑rate pathways, and financial‑system resilience.

While the Warner’s press conference did not delve into specific policy plans, the presence of these advisers underscores a commitment to data‑driven decision‑making and a forward‑looking approach to fiscal and monetary challenges.