Warsh will be worried about his legacy over the Trump administration, says Fed's Richard Fisher

• Fisher believes Warsh did a 'good job' at the hearing, highlighting his personality and ability to handle questions about Fed independence.
• Warsh's past views on QE (against QE2, voted against QE3) and agreement with Fisher on the 'imperfect' nature of the dot plot were noted.
• Fisher emphasizes that a Fed Chair must win over the FOMC members, not just the President, and Warsh would be concerned with his historical legacy, looking beyond any single administration.

Richard Fisher, former Dallas Fed President, discusses Kevin Warsh's Senate Banking Committee hearing, praising his personality and ability to navigate questions about Fed independence. Fisher believes Warsh would prioritize his historical legacy and would need to convince the FOMC members on policy decisions, rather than being coerced by the President.