Kevin Warsh, who has been nominated by President Trump to chair the Federal Reserve, is set for his confirmation hearing this Tuesday in Washington. A key focus of the hearing will be the independence of the central bank. In his prepared statements, Warsh emphasised the importance of the Federal Reserve’s ability to independently set interest rates, deeming it “essential.” He further articulated that he does not perceive any significant threat to the “operational independence of monetary policy” despite the opinions expressed by elected officials, including presidents, senators, or House members regarding interest rates.
For those interested, the press conference will be available to watch live, alongside a continuously updated live blog for further developments.
