Trump wants new Fed chair to be 'totally independent'
Donald Trump emphasized the importance of independence for the newly appointed Federal Reserve Chairman Kevin Warsh during his swearing-in ceremony. He urged Warsh to disregard outside opinions and focus on his role, despite criticism suggesting Warsh may be influenced by Trump. Warsh, who aims to lead a reform-oriented Fed, faces the challenge of maintaining the institution's independence amid political scrutiny.
- ▪Trump wants Warsh to be 'totally independent' and not influenced by outside opinions.
- ▪Critics, including Senator Elizabeth Warren, have expressed concerns about Warsh being a 'sock puppet' for Trump.
- ▪Warsh aims to lead a reform-oriented Federal Reserve and believes in raising living standards for all Americans.
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Trump wants new Fed chair to be 'totally independent'9 minutes agoShareSaveAdd as preferred on GoogleFrancisco VelasquezBusiness reporterEPA/ShutterstockDonald Trump urged the incoming Federal Reserve Chairman Kevin Warsh to be "totally independent" at a White House swearing in ceremony on Friday.The US president, who repeatedly and publicly clashed with Warsh's predecessor Jerome Powell, said he wants his latest pick to ignore outside opinions."I really mean this, I want Kevin to be totally independent.
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