Warsh pledges earned, strictly independent Fed on rates

Fed chair nominee Kevin Warsh will tell lawmakers at his confirmation hearing that monetary policy independence must be earned and is essential, resisting political pressure while prioritizing price stability. He says the Fed should listen to diverse views but stay in its lane on policy, committing to accountability and to working with the Administration and Congress on non-monetary matters. He stresses that inflation is a responsibility of the Fed and that keeping it low protects the most vulnerable.