Kevin Warsh is scheduled to testify before the Senate Banking Committee tomorrow, marking his first public appearance since being nominated to lead the Federal Reserve. The hearing will likely center on Warsh’s ability to maintain central bank independence while addressing President Trump’s preference for aggressive interest rate cuts. With inflation currently exceeding 3% due to supply strains, Warsh faces the technical challenge of justifying a dovish pivot. He may argue for a "triple mandate" that considers economic conditions in totality. Read the full story at Fortune (subscription).
Source · Fortune
