[Federal Reserve Chair Walsh Appoints Two Conservative Advisors to Advance Reform Agenda] BlockBeats News, June 3: According to informed sources, Federal Reserve Chair Kevin Walsh has appointed two conservative policy experts, Paul Winfree and Daniel Heil, as temporary advisors during the early days of his tenure. They will be responsible for policy analysis and planning. Both individuals have been long active in conservative think tank circles and have not previously worked at the Federal Reserve. Winfree participated in drafting the Federal Reserve-related sections of the conservative policy blueprint 'Project 2025,' which advocates eliminating the Fed's dual mandate of 'maximum employment and price stability,' retaining only the inflation control objective. The document also calls for reducing the size of the Fed's balance sheet and limiting its 'lender of last resort' function. Walsh has previously stated that he intends to lead a 'reform-oriented' Federal Reserve, emphasizing the need to reflect on past experiences and move away from rigid frameworks. The addition of these two external advisors is seen as one of the initial steps in advancing his reform agenda for the Fed. [Original Link]