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Chair nominee Kevin Warsh says Fed must 'stay in its lane' to maintain independence
Federal Reserve chair nominee Kevin Warsh said Monday that the central bank must be largely independent of political influence but also should stay focused on its primary goals. Warsh's speech, to be delivered Tuesday to the Senate Banking Committee during a confirmation hearing, also features a familiar criticism that the Fed on multiple occasions has overstepped its boundaries.
Federal Reserve chair nominee Kevin Warsh said Monday that the central bank must be largely independent of political influence but also should stay focused on its primary goals. Warsh's speech, to be delivered Tuesday to the Senate Banking Committee during a confirmation hearing, also features a familiar criticism that the Fed on multiple occasions has overstepped its boundaries.