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Thune nudges Trump to "wrap up" Fed probe
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Thune nudges Trump to "wrap up" Fed probe

AxiosΒ·Hans NicholsΒ·about 1 month ago
#x8sI08rC
#piano#paywall#kevinwarsh#johnthune#warsh#powell
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Senate Majority Leader John Thune (R-S.D.) is pressing the Trump administration to end the GOP staring contest over Kevin Warsh's confirmation as Fed chair. Why it matters: Frustration inside the Senate GOP conference is mounting over the own goal they see President Trump making on issues central to their political survival: spurring economic growth and taming inflation. "We all agree that Kevin Warsh is a great pick and hopefully will be confirmed," Thune told reporters on Tuesday. "The sooner the administration can wrap up this investigation and get ready to move forward with the new Fed chairman, the better off everybody will be." Driving the news: Fed independence was the watchword for Warsh during his confirmation hearing, as he fielded pointed β€” and at times hostile β€” questions from Democrats about political pressure on monetary policy and interest rates. "Fed independence means everything to me," Warsh responded.…

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