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International Business Times
International Business Times
Business
Demian Bio

Fed Chair Nominee Kevin Warsh Says Central Bank Will Remain 'Strictly Independent'

Kevin Warsh Donald Trump US Federal Reserve Jerome Powell the Federal Reserve Elizabeth Warren
Kevin Warsh (Credit: C-SPAN)

President Donald Trump's nominee to be the next chair of the Federal Reserve, Kevin Warsh, said in his confirmation hearing Tuesday that the central bank will remain "strictly independent" and rejected he will be the president's "sock puppet."

"I am committed to ensuring that the conduct of monetary policy remains strictly independent," he told the Senate Banking Committee.

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