AXIOS (Neil Irwin) - Kevin Warsh's challenges become clear after Fed chair Powell's last hurrah
When Kevin Warsh takes over as Federal Reserve chair, he will face vocal internal opposition to any attempts to cut rates prematurely. - His predecessor will also still be roaming the halls . Why it matters: Taken together, Wednesday's news out of the William McChesney Martin Jr. Building means that Warsh will face serious constraints if he wants to rapidly steer the Fed in ways that its current leadership believes unwise. - He will have to achieve his goals of rewiring how the Fed operates and potentially cutting rates through persuasion, not a writ from the chair's office. - That has always been true, but the outbreak of dissent to Wednesday's policy statement, combined with Jerome Powell's move to block President Trump from…