The relationship between Treasury Secretary Scott Bessent and incoming Federal Reserve Chairman Kevin Warsh is drawing attention after Bessent earlier this year described Warsh as the "new sheriff in town." The public endorsement has not eliminated underlying tension, and their interactions will be closely watched alongside further exchanges between the Federal Reserve and the executive branch. A fresh test is expected Friday, when Warsh takes center stage in Jackson Hole at the Kansas City Fed’s annual gathering, as colleague Nick Timiraos writes.