Source: Christian Science Monitor
by staff
“The U.S. Senate will soon grill Kevin Warsh as President Donald Trump’s nominee to head up the nation’s central bank starting in May. The position is one of the most powerful in Washington. The Federal Reserve, with its mandate from Congress to ensure stable prices and full employment, helps steer both the American and world economy, mainly by setting interest rates. Given that the Senate easily approved the former Wall Street lawyer two decades ago to sit on the bank’s board – as the Fed’s youngest-ever governor – it might not probe him hard on one of his most intriguing yet disputed ideas. Yet, it should. Mr. Warsh, a graduate of Stanford and Harvard, maintains that the American people – in their curiosity, ingenuity, freedom, equality, and collaboration – are as important as the Fed in keeping inflation low.” (01/30/25)