> Democrats already miss Janet Yellen extolling her brisket recipe.

Federal Reserve Chairman Kevin Warsh has tapped Paul Winfree to advise him while he settles into the job. Winfree was the named author of the chapter on the Federal Reserve in Project 2025, the conservative policy blueprint produced ahead of the 2024 election.

Winfree worked at the Heritage Foundation, which produced Project 2025. The 13-page chapter on overhauling the Fed recommended eliminating the central bank’s dual mandate to maintain stable prices and full employment, requiring it to focus on price stability alone. The mandate is set by Congress but the Fed has had latitude to interpret how it achieves the goals.

The manifesto drew attention for floating ideas well outside the mainstream of monetary policy, including a menu of overhauls whose top-ranked option was “free banking”—effectively abolishing the Fed in favor of privately issued, commodity-backed currency. The report included a disclaimer that said the ideas shouldn’t be attributed to any individual and instead synthesized the views of a panel of contributors.

In speeches and interviews over the past year, Warsh has laid out an agenda that calls for infusing the institution with new thinking. At his White House swearing-in ceremony last month, Warsh said, “I will lead a reform oriented Federal Reserve” that learns “from past successes and mistakes” and escapes “static frameworks and models.”