Warsh Says He'd Be an Independent Actor as Fed Chair

Kevin Warsh, President Trump’s nominee for Federal Reserve chair, told the Senate Banking Committee he would act independently if confirmed and said Trump did not ask him to pre-commit to any rate decision. The comments are a procedural update on Fed leadership and independence, with limited immediate market impact absent any policy signal.

Analysis

Kevin Warsh, President Trump’s nominee for Federal Reserve chair, told the Senate Banking Committee he would act independently if confirmed and said Trump did not ask him to pre-commit to any rate decision. The comments are a procedural update on Fed leadership and independence, with limited immediate market impact absent any policy signal.