Warsh Vows to Protect Fed Independence in Senate Hearing

In his opening remarks at the Senate hearing, Jerome H. Warsh, President Trump's nominee for Federal Reserve Chairman, expressed gratitude for the opportunity to serve and emphasized the importance of the Fed's independence and commitment to its mission of full employment and stable prices. He reflected on his personal and professional journey, highlighting the influence of mentors like George Shultz and Stan Druckenmiller, and shared his experiences during the 2008 financial crisis. Warsh pledged to maintain the Fed's independence, work with the administration and Congress on non-monetary matters, and uphold accountability.