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Former Fed governor Warsh blasts U.S. central bank for leaving its lane
By Francesco Canepa
Reuters
via Yahoo News, Sunnyvale, California
Friday, April 25, 2025
WASHINGTON -- Former Federal Reserve Governor Kevin Warsh, with whom President Donald Trump is reported to have discussed firing U.S. central bank chief Jerome Powell and installing him in his place, today unleashed a barrage of criticism of the Fed and argued for fundamental changes to how it operates.
In a speech full of long-standing criticisms but short on specifics for what he would do differently, Warsh said he believes in the Fed's "operational independence" but argued it has gone beyond its remit and undermined its claims to independence.
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"Independence is reflexively declared, all too often in my view, when the Fed is criticized," he told a conference in Washington organized by the Group of Thirty, an international body of financiers and academics.
He urged the Fed to stop relying on "stale" government data, subject to revision, to guide its decisions, and on letting the public know policymakers' economic forecasts and where they believe interest rates may be headed. ...
For the remainder of the report:
https://ca.finance.yahoo.com/news/former-fed-governor-warsh-says-203545664.html
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