Why incoming Federal Reserve chair Kevin Warsh could be the guy to actually preserve its independence
Counterintuitively, Warsh’s background in finance could help keep the Central Bank free from Trump’s influence.
Kevin Warsh is now likely to secure Senate approval as the next Federal Reserve chair—and become arguably the most powerful central banker in the world. But when Warsh appeared before the Senate Banking Committee for his confirmation hearing in April, one punchy question underscored the dilemma that Warsh, lawmakers and the Fed all face:
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