Ex-Fed Governor Warsh Says New Accord Between Treasury, Central Bank Needed
UNITED STATES, JUL 17 – Kevin Warsh calls for a new Treasury-Federal Reserve accord to improve debt management and endorses regime change amid tensions with Fed Chair Jerome Powell, citing the $36 trillion national debt.
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Rumored candidate to replace Powell calls for ‘regime change’ at Fed
Former Federal Reserve governor Kevin Warsh, who is considered to be on the short list of President Donald Trump’s picks to replace Fed chairman Jerome Powell, called for “regime change” at the central bank on Thursday. “We need regime change in the conduct of policy,” Warsh told CNBC’s Squawk Box. “The credibility deficit lies with the incumbents that are at the Fed, in my view.” Warsh took a veiled shot at Powell, whom Trump has targeted in re…
Ex-Fed Governor Warsh says new accord between Treasury, central bank needed
(Reuters) -Former Federal Reserve Governor Kevin Warsh, seen as a potential successor to Fed Chair Jerome Powell, said on Thursday there needs to be a new accord between the Treasury Department and U.S. central bank, referencing a 1951 pact that separated federal debt management from monetary policy. Warsh, now a fellow at Stanford University’s Hoover Institution, said on CNBC that such an agreement between the two agencies could smooth the proc…
Hopefuls eyeing Powell’s job intensify push amid Trump rift
As relations between President Donald Trump and Federal Reserve Chairman Jerome Powell deteriorate, potential successors are ramping up their efforts to secure the nomination.Former Fed Governor Kevin Warsh, who is on Trump's shortlist to succeed Powell, has long called for a regime change at the Federal Reserve.TRUMP'S POTENTIAL SHORTLIST FOR THE FED CHAIR IS TAKING SHAPE"This isn’t the first time in the last decade that you’ve heard me say tha…
Former Fed Governor Kevin Warsh: We need regime change at the Fed
Kevin Warsh, Hoover Institution distinguished visiting fellow and former Federal Reserve Governor, joins 'Squawk Box' to discuss the state of the economy, the Fed's inflation fight, monetary policy, independence of the Fed, and more.
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