"We need to take politics out of monetary policy and monetary policy out of politics. If I'm confirmed, the Federal Reserve should stay in its lane."
"It's an invitation for corruption and economic catastrophe. The Senate has a role in ensuring that the president doesn't conduct an illegal takeover of the Fed."
Kevin Warsh's nomination for the US Federal Reserve chair is under intense scrutiny due to his wealth and perceived loyalty to President Trump. During a Senate banking committee hearing, Warsh emphasized the need to separate politics from monetary policy. He faced tough questioning from Democrats, particularly Elizabeth Warren, who raised concerns about his investments and potential conflicts of interest. Warren labeled him as Trump's 'sock puppet' and warned of the risks of corruption and economic disaster if Warsh were confirmed without transparency regarding his financial assets.
Read at www.theguardian.com
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