Kevin Warsh denies rate cut promises in Senate hearing
Fed nominee Kevin Warsh told senators he made no rate cut promises to President Trump. He pledged to maintain independence while pursuing robust bank reforms.
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Kevin Warsh, the nominee to lead the central bank of the United States, told senators on Tuesday that he has made no private commitments to lower interest rates in exchange for his appointment. During a high-stakes confirmation hearing, Warsh sought to establish his independence from the executive branch while outlining a vision for significant structural changes at the Federal Reserve.
