Kevin Warsh says he would protect Fed independence and could cut rates at confirmation hearing
Crypto Briefing
Kevin Warsh pledged to maintain Federal Reserve independence while signaling openness to interest rate cuts during his Senate confirmation hearing.Summary
During his Senate confirmation hearing to potentially succeed Jerome Powell, Kevin Warsh emphasized his commitment to maintaining the Federal Reserve's independence from political pressure. While acknowledging that the Fed’s credibility has suffered due to inflation management issues, he outlined a policy shift favoring interest rate adjustments as the primary tool for economic growth. Warsh also suggested that technological advancements like AI could support lower rates, while noting that digital assets are already a significant part of the U.S. financial system.
(Source：Crypto Briefing)