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2026April › 29

Warsh

3 months ago

Fed chair nominee Kevin Warsh responded to Senate Banking about swap lines by saying the Fed isn't fully independent in matters of international finance.
The extraordinary move would mean that Warsh will have his work cut out for him if he wants to deliver on Trump's demands for lower borrowing costs.
The designate chair has signalled a willingness to take the central bank’s balance sheet into account when setting monetary policy

A Senate committee is poised to advance Trump’s pick as doubts linger over the Fed’s independence and Powell’s future

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