Warsh Says Fed Is 'Honored' to Be Independent

In House Financial Services Committee testimony, Fed Chair Kevin Warsh emphasized the central bank’s independence when questioned about whether he works for President Donald Trump. The exchange appears largely procedural with no policy or rate action announced, implying limited direct market impact.

Analysis

In House Financial Services Committee testimony, Fed Chair Kevin Warsh emphasized the central bank’s independence when questioned about whether he works for President Donald Trump. The exchange appears largely procedural with no policy or rate action announced, implying limited direct market impact.