Kevin Warsh, Trump’s Fed Pick, to Defend Bank’s Ability to Set Rates Independently
President Trump has pressured the Federal Reserve for lower interest rates and sought to replace key board members.
Part of a bigger event
Warsh's path to Fed chief job entangled ahead of Senate confirmation hearing - Reuters12 articles·10 sources·Avg cred 82/100
Mixed
tl;dr
Kevin Warsh, President Trump’s nominee for Federal Reserve Chair, will testify before the Senate Banking Committee to defend the bank's independence in setting interest rates while acknowledging greater presidential influence in regulatory policy.
Discussion
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