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Warsh Defends Fed Independence During House Financial Services Committee Testimony
Chairman Kevin Warsh delivered the semiannual Monetary Policy Report to the House Financial Services Committee on Tuesday. During the hearing, Warsh affirmed the central bank's independence from political influence. He addressed questions regarding his relationship with Trump. Warsh stated the Federal Reserve must remain insulated from political pressures. In an exchange with Representative Davidson, Warsh defined price stability as a state where households do not have to consider price changes. The official testimony outlined the Fed's current approach to monetary policy. Testimony by Chairman Warsh on the semiannual Monetary Policy Report to CongressChairman Warsh presents the semiannual Monetary Policy Report before the U.S. House Financial Services CommitteeWarsh: Price Stability Is When Households 'Don't Have to Think About' Price ChangesFed Chairman Warsh questioned about independence from Trump
