Warsh Vows Fed Independence in Senate Confirmation Hearing

1 min read
Source: The New York Times
Warsh Vows Fed Independence in Senate Confirmation Hearing
Photo: The New York Times
TL;DR Summary

Trump's pick Kevin Warsh testifies to the Senate Banking Committee to defend the Fed's independence in setting interest rates, arguing policy should be guided by analysis and data rather than politics, while his confirmation faces headwinds from a criminal probe into Powell and ongoing White House pressure for lower rates.

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