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By Steve Holland, Anna Yukhananov and Lauren Tara LaCapra
WASHINGTON/NEW YORK, March 31 (Reuters) - Glenn Hubbard and Kevin Warsh, veteran Republican economic policymakers and critics of the Fed's ultra-loose monetary policy, have emerged as top economic advisers to likely presidential candidate Jeb Bush, Republican sources said on Tuesday.
Hubbard, who served as the top White House economist for former President George W. Bush, was one of the architects of Bush's tax cuts. Hubbard also advised Mitt Romney in his 2012 bid for the presidency and together with Warsh was mooted as a possible Treasury secretary if Romney made it to the White House.
Hubbard, dean of the business school at Columbia University, has close ties to financial companies, including insurer Metlife Inc and BlackRock Inc, the world's largest money manager.
Warsh served on the Federal Reserve's Board of Governors during the Bush years.
Jeb Bush has been weighing a presidential bid and is expected to make a formal announcement within the coming months.
Two Republicans familiar with the matter confirmed the roles of Hubbard and Warsh. A Bush spokeswoman was not immediately available to comment.
Hubbard, in an emailed statement, would not confirm the connection with Bush, saying he was willing to discuss economic policies with any presidential contender, including Democrat Hillary Clinton.
"I think Governor Bush would be an excellent president, with his focus on economic growth, work, and opportunity. I would be happy to talk with any candidate about economic ideas - including Secretary Clinton," he said.
Warsh was not immediately available to comment.
Bill Simon, a former Wal-Mart chief executive who served on Bush's team when he was governor of Florida, is assembling policy experts for his prospective candidacy, Republican sources said.
ECONOMIC SOLUTIONS
Jeb Bush laid out his economic vision in February, saying he wanted to close the "opportunity gap," and reduce income inequality with solutions that do not rely heavily on government.
Hubbard has also called for less government. He has described President Barack Obama's signature health care law as a job killer and opposes Democratic proposals to raise the minimum wage.
He has advocated corporate and individual income tax cuts and shifting toward consumption taxes. He also favors expanded tax credits for the working poor.
Hubbard has kept his Rolodex up to date since leaving government, inviting corporate executives and economic policy experts to events and lectures at Columbia, according to a former colleague in the Bush administration.