Kevin Warsh, President Donald Trump’s nominee to chair the Federal Reserve, said that central bank independence is up to the institution itself, according to remarks released on April 20.
Warsh’s remarks—which will be delivered at his April 21 confirmation hearing—reflect much of what he has said in public appearances over the past few years, from revisiting the conduct of monetary policy to the Federal Reserve’s track record.
His prepared statement discusses the importance of the Fed being free from political interference.
At the same time, the central bank needs to concentrate on its core objectives of fighting inflation and supporting the labor market, according to Warsh….