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Kevin Warsh Criticizes the Fed and Promises to Focus on Inflation
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The Federal Reserve (Fed) presidential candidate Kevin Warsh stated that the central bank must “keep out” of political pressure to preserve its autonomy, and stressed the need to focus on its fundamental objectives. In statements made during his appearance before the Senate Banking Committee, Warsh argued that the agency’s autonomy depends to a large extent on its own performance. In short, the independence of the Federal Reserve depends to a la…
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