What we would ask Fed nominee Warsh

Here are a few questions we would ask Fed chair nominee Kevin Warsh at Tuesday's Senate Banking Committee confirmation hearing, if we were suddenly offered a spot on the dais.

The Federal Reserve Act indicates that governors can be removed for cause. What, in your view, constitutes cause and what do you believe a president needs to do to establish it if he wants to fire a governor?

Do you believe, as Sen. Thom Tillis (R.-N.C.) does, that the Justice Department inquiry into the Fed's building project is a pretext to pressure the Fed on rates policy? Do you believe it should be dropped?

You've argued for a new version of the 1951 Treasury-Fed accord that has shaped the roles of the two entities for 75 years. What would this consist of?

You've been critical of several mainstays of modern central banking: reliance on complex macroeconomic models, "data-dependence" and "forward guidance," to indicate where officials think policy is going. What would you replace those tools and frameworks with?