multi source·7h ago·7 sources analyzed
Warsh Prepares for Senate Hearing on Fed Chair Confirmation
Kevin Warsh is set to address lawmakers regarding his nomination to lead the Federal Reserve. He plans to emphasize the importance of the Fed's independence in setting interest rates. (sources: newser, cbsnews, ft, nytimes, bloomberg)
Image: usatoday
ModernAction Briefing
Warsh will face questions from senators about his stance on inflation and interest rates during his confirmation hearing. He aims to reassure lawmakers that the Federal Reserve's autonomy is not compromised by political influences.
- Warsh is nominated to succeed Jerome Powell as chair of the Federal Reserve.
- He intends to assert that the Fed must maintain its independence in monetary policy.
- Senators are expected to question Warsh on his views regarding inflation and interest rates.
Why it matters
The outcome of Warsh's confirmation could influence the direction of U.S. monetary policy.
No specific legislation identified for action yet.
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