Federal Reserve chair nominee Kevin Warsh said Monday the central bank must be largely independent of political influence but also should stay focused on its primary goals.
In remarks to be delivered Tuesday to the Senate Banking Committee, Warsh also expressed firm commitment to fighting inflation with only one mention of the labor market.
“Simply stated, Fed independence is largely up to the Fed,” the former Fed governor said.
>questions have been raised about whether Warsh or any other Trump pick would be able to withstand the repeated pressure from Trump and other White House officials to lower interest rates.
Another mealy mouth financial article that ignores the elephant in the room.
Trump not only wants lower interest rates, he wants negative “real” interest rates, an interest rate below the inflation rate.
So, the question is, will the Fed start up the money printer to buy all that negative real interest rate debt?
Gotta remember, this is the same financial press that has been peddling that “print and spend” is the same as “borrow and spend”.
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Federal Reserve chair nominee Kevin Warsh said Monday the central bank must be largely independent of political influence but also should stay focused on its primary goals.
In remarks to be delivered Tuesday to the Senate Banking Committee, Warsh also expressed firm commitment to fighting inflation with only one mention of the labor market.
“Simply stated, Fed independence is largely up to the Fed,” the former Fed governor said.
Read more: [https://cnb.cx/4sGEYqn](https://cnb.cx/4sGEYqn)
>questions have been raised about whether Warsh or any other Trump pick would be able to withstand the repeated pressure from Trump and other White House officials to lower interest rates.
Another mealy mouth financial article that ignores the elephant in the room.
Trump not only wants lower interest rates, he wants negative “real” interest rates, an interest rate below the inflation rate.
So, the question is, will the Fed start up the money printer to buy all that negative real interest rate debt?
Gotta remember, this is the same financial press that has been peddling that “print and spend” is the same as “borrow and spend”.