US Fed’s Warsh pledges central bank independence will be `sacrosanct’
By Neil Roland ( July 14, 2026, 20:55 GMT | Insight) -- US Federal Reserve Chair Kevin Warsh pledged to skeptical Democratic lawmakers that the central bank’s independence will be “sacrosanct” if he's pressured on policy by President Donald Trump. Warsh reaffirmed the commitments to independence that he made at his Senate confirmation hearing in April, when he was labeled a Trump “sock puppet” by Democratic Senator Elizabeth Warren. At his first congressional hearing as Fed chair Tuesday, Democratic lawmakers showed that Warsh had not put their concerns to rest in the wake of Trump’s relentless attacks on prior Chairman Jerome Powell.US Federal Reserve Chair Kevin Warsh pledged to skeptical Democratic lawmakers that the central bank’s independence would be “sacrosanct” if he's pressured on policy by President Trump....
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