Kevin Warsh insisted there would be “no changes” to US central bank independence as he doubled down on his pledge that the Federal Reserve would take a strident approach to tackling inflation.
The new chair said on Wednesday that the Fed would remain committed to its 2 per cent inflation target and “deliver price stability” regardless of potential pressure from the White House to lower interest rates.
“We’ve been an independent central bank for a very long time, we’re going to be an independent central bank at this moment and you’re going to see no changes on that,” he told central bankers at an ECB conference in Sintra.
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