APRIL 21, 2026 AT 02:36 PM
Fed Chair Nominee Warsh says Fed needs a new inflation framework and communications; interest rate tool is fairer - Q&A
Importance
Level 1
- Need regime change
- On his investments, says has agreed to sell assets as agreed with the ethics office.
- When asked if US President lost the 2020 election, says will keep politics out of the Fed.
- Fed has wandered outside of remit in recent years, "I would not do that".
- Happy to be in cash or T-Bills after divestiture.
- Essential that Fed officials can change their minds.
- If mistakes are made, policymakers must correct them fast.
- Will have virtually no financial assets after divestment.
- Will be independent of Trump.