New Delhi, April 22 -- US Federal Reserve Chair nominee Kevin Warsh on Tuesday told lawmakers that he would uphold the central bank's independence and base monetary policy decisions strictly on economic data, as he appeared before the Senate for his confirmation hearing.
Addressing concerns over political influence, Warsh said, "I have made no promises to anyone about the future path of interest rates," adding that decisions under his leadership would be "data-driven and rooted in the Federal Reserve's mandate." His remarks come amid scrutiny over his perceived alignment with former President Donald Trump, who has been openly critical of the current Fed leadership.
Warsh emphasised that the credibility of the Federal Reserve depends on ...
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