Warsh Resigns from Federal Reserve, Joins Druckenmiller Family Office and Hoover Institution

Kevin Warsh resigned from the Federal Reserve Board of Governors on March 31, 2011, after five years, opposing Chair Ben Bernanke's plan to purchase $600 billion in Treasury securities — the QE2 quantitative easing program. Warsh had been the youngest Fed governor in history and served as the board's liaison to Wall Street during the 2008 financial crisis. After leaving the Fed, Warsh became a partner at the Duquesne Family Office of billionaire investor Stanley Druckenmiller, a lecturer at Stanford's Graduate School of Business, and a visiting fellow at the Hoover Institution — the Stanford-affiliated conservative think tank that has supplied economic advisers to Republican administrations since the 1970s.