Former Federal Reserve Governor Kevin Warsh, viewed by Wall Street as the top favorite to replace current Federal Reserve Chairman Powell, published a column in the Wall Street Journal that the Fed has reached the brink of its legal and implied powers, transcending certain long-entrenched central bank principles and practices. The Fed's role within the government in all economic policy matters has become more expanded. The Fed's all-encompassing and time-to-time expansion has led to systemic errors in macroeconomic policy. Walsh believes monetary policymakers should avoid talking about finance. But if the Fed chooses to cross the line, it should keep its words consistent with its deeds in times of crisis and boom. Maintaining the Fed's independence depends largely on the Fed itself, but this does not mean that central bankers should be treated like spoiled princes.