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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.

Summary by WTVB
(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…

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NBC New York broke the news in New York, United States on Thursday, July 17, 2025.
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