Warsh urges Fed independence and focus on inflation ahead of confirmation hearing

Warsh argues the Fed must stay largely independent of politics and remain focused on its monetary policy goals, warning against overreach into fiscal, climate, or social policies; he notes some areas lack independence (like stewardship of public monies) and says operational independence on rates should be preserved. His nomination faces potential hurdles due to an ongoing U.S. attorney’s investigation into the Fed’s HQ renovation, though the White House expects swift confirmation.