US Edition
Chair nominee Kevin Warsh says Fed must ‘stay in its lane’ to maintain independence
Warsh said monetary policy independence is essential, while Senate Republicans threatened to block his nomination unless a Justice Department probe of Powell ends.
- Kevin Warsh, nominated by President Donald Trump to be Federal Reserve chair, pledges to maintain the Fed's independence in monetary policy and emphasizes that the Fed must 'stay in its lane' without venturing into fiscal or social policies beyond its authority.
- Warsh intends to work with the Administration and Congress on the Fed's non-monetary functions while affirming that monetary policy decisions must remain free from political pressure.
- Senator Thom Tillis opposes Warsh's confirmation and is blocking a vote until the Department of Justice concludes its investigation into current Fed Chair Jerome Powell.
177 Articles
177 Articles
In the US, President Trump's new Fed chief, Banker Warsh, has assured the independence of the Central Bank.
Fed-up Senate Republican uncorks ultimatum for Trump — threatening president's own nominee
A GOP senator said he would like to vote to confirm the nominated chairman of the U.S. Federal Reserve, Kevin Warsh, but demanded the Department of Justice first back off. Republican Sen. Thom Tillis (R-NC) told Warsh during his confirmation hearing on Tuesday that "the only thing I’ve found the least bit odd about you is you’ve never watched an episode of Seinfeld," but he can't vote to approve the Trump appointee because of a DOJ "investigatio…
Fed nominee Warsh questioned on independence from Trump and personal wealth
President Trump’s pick to lead the Federal Reserve, Kevin Warsh, was on Capitol Hill facing a slew of lawmaker questions on his monetary policy and independence from Trump. But the president’s pressure campaign against Jerome Powell threatens to freeze Warsh’s nomination. Amna Nawaz discussed more with David Wessel of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution.
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