he delivered a speech in New York and published an op-ed in the Wall Street Journal that reflected his reservations. He argued that monetary policy alone could not solve the economy's problems, and he called for tax and regulatory reforms aimed at increasing productivity and longer-term growth. I agreed that other Washington policymakers should take more responsibility for promoting economic growth. Federal spending on infrastructure projects such as road buildings, for example, could have helped make our economy more productive in the longer term while putting people back to work right away. Yet nobody expected anything to happen on the fiscal front or in other areas that Kevin highlighted, either. The reality was that the Fed was the only game in town. It was up to us to do what we could, imperfect as our tools might be. . . . I never questioned Kevin's loyalty or sincerity. He had always participated candidly and constructively, as a team player, in our deliberations. And I was grateful that he had voted for the second round of asset purchases despite his unease. I saw his public comments more as an indictment of policymakers outside the Fed than as an attack on the Fed policies. Kevin would leave the Board three months later, but not because of any policy disagreement. We had agreed when he was appointed in 2006 that he would stay for about five years. We remain close to this day.” Warsh announced his intent to resign from the Board in a letter sent to President Obama on February 10, 2011, effective around or on March 31, 2011. When he left the Fed, CNBC's Larry Kudlow expressed disappointment and described Warsh as a "hard money hawk." Post-FRB career Warsh is the Shepard Family Distinguished Visiting Fellow at Stanford University's Hoover Institution, and a scholar and lecturer at the Stanford Graduate School of Business. He is also a member of the board of directors at UPS and is an advisory board member for Rubicon Global. In December 2016, Warsh joined a business forum assembled by then president-elect Donald Trump to provide strategic and policy advice on economic issues. Personal life In 2002, Warsh married Jane Lauder, a granddaughter and heiress of Estée Lauder and long-time employee of the family business, the Estée Lauder company. The couple lives in Manhattan. Formerly general manager of Origins, Lauder has served as the Global Brand President