Warsh emphasizes Fed independence during confirmation hearing
Kevin Warsh, nominated to lead the Federal Reserve, addressed lawmakers during his confirmation hearing. President Trump expressed expectations for immediate interest rate cuts. (sources: thehill, washingtonpost, ft, cbsnews, abcnews)
During his confirmation hearing, Kevin Warsh stated that the independence of the Federal Reserve is not significantly threatened. President Trump indicated disappointment if Warsh does not implement immediate interest rate cuts.
- Kevin Warsh is nominated to lead the Federal Reserve.
- Warsh affirmed the importance of the central bank's independence during his hearing.
- President Trump expressed a desire for immediate interest rate cuts from Warsh.
Why it matters
The outcome of Warsh's confirmation could influence the direction of U.S. monetary policy.
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2 bills on this issue are moving right now — and the most active one is TOO LATE Act.
H.R.4975 · 119th Congress
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What H.R.4975 actually does
This story is about Kevin Warsh's confirmation hearing where he stressed Federal Reserve independence amid calls for rate cuts. This bill would set legal "cause" criteria allowing the President to remove the Fed Chair based on sustained deviations from a specified federal funds target, changing removal rules.
If passed, it would:
- Authorizes removal of the Fed Chair for sustained deviations from rate targets • Alters incentives for interest-rate decisions by linking them to removal criteria.
1 other bill moving on this issue
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This story is about Kevin Warsh's confirmation hearing where he stressed Federal Reserve independence amid calls for rate cuts. This bill would put the House on record affirming Federal Reserve independence and support for the Board and Chair in a nonbinding resolution.
If passed, it would
- Declares House support for Federal Reserve independence in a nonbinding resolution • Signals congressional backing for the Fed without changing statutes.
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