Warsh Vows to Protect Fed’s Independence If Confirmed as Chair

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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000The Fed:Kevin Warsh, Donald Trump’s nominee to be the next chair of the Federal Reserve, vowed to protect the US central bank’s independence if he is confirmed to the role.“I believe that monetary policy independence is earned — and better policy decisions crafted — by steering clear of distractions,” Warsh said in testimony at his confirmation hearing Tuesday, according to a copy of his remarks viewed by Bloomberg. “I am committed to ensuring that the conduct of monetary policy remains strictly independent,” he said.
