Kevin Warsh, former Federal Reserve Governor and nominee for central bank chairman, will testify before the Senate Banking Committee today. Warsh, who served under Ben Bernanke from 2006 to 2011, plans to argue that inflation is a "choice" for which the Fed must remain accountable and that institutional reform is necessary. While acknowledging President Trump’s support, Warsh asserts that central bank independence is "essential," framing external political pressure as a test of that autonomy rather than a threat to it.
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Source · Fortune
