US Fed’s Warsh pledges central bank independence will be 'sacrosanct'
By Neil Roland ( July 14, 2026, 21:54 GMT | Insight) -- US Federal Reserve Chair Kevin Warsh pledged to skeptical Democratic lawmakers that the central bank’s independence would be “sacrosanct” if he were pressured on policy by President Donald Trump. Warsh, Trump’s nominee to replace Fed chair Jerome Powell, on Tuesday reaffirmed his 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.US Federal Reserve Chair Kevin Warsh pledged to skeptical Democratic lawmakers that the central bank’s independence would be “sacrosanct” if he were pressured on policy by President Donald Trump....
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