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Fed Chair Successor Kevin Warsh: Will Not Accept US President Donald Trump's Monetary Policy Instructions
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Federal Reserve chair successor Kevin Warsh said at a hearing on Tuesday that he would not accept instructions from US President Donald Trump regarding monetary policy, and that he has never been asked to cut interest rates. He stated that Trump has never asked him to predetermine, commit to, fix or decide any interest rate resolution in advance, and that he would never agree to do so. He added that most presidents tend to prefer lower interest rates, and he does not believe that elected leaders expressing their views would undermine the independence of the central bank. Trump earlier acknowledged that he would be disappointed if a Federal Reserve led by Warsh failed to deliver rapid rate cuts. (sw/m) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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