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The Independent UK
The Independent UK
Christopher Rugaber

Trump’s new Fed Chair Kevin Warsh pledges independence while fighting inflation

Kevin Warsh Inflation Donald Trump Jerome Powell the Federal Reserve the Federal Reserve Board of Governors US Federal Reserve

Federal Reserve Chair Kevin Warsh on Wednesday asserted the central bank’s unwavering independence and its commitment to curbing inflation, a stance likely foreclosing the rate cuts sought by President Donald Trump.

Speaking at a central bank conference in Sintra, Portugal, Warsh indicated the Fed would not tolerate inflation above 2%.

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