Warsh Pledges Fed Independence From Trump
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- Kevin Warsh, President Trump's nominee to lead the Federal Reserve, told U.S. senators on Tuesday he would set monetary policy free of any White House advice or pressure.
- Warsh made the independence commitment during his Senate confirmation hearing for the Fed chair post.
Why it matters: Warsh's pledge to keep monetary policy independent of Trump goes to the core question senators raise with any presidential Fed nominee: whether the White House can credibly be kept out of rate-setting decisions while its own appointee occupies the chair.
