international finance

Fed Nominee Kevin Warsh Says Central Bank Independence Doesn't Extend to International Finance

Federal Reserve chair nominee Kevin Warsh has stated in written Senate responses that the Fed's statutory independence does not fully extend to international policy issues like swap lines, saying officials are not entitled to the same deference in areas affecting international finance. Warsh also denied having any connection to deceased sex offender Jeffrey Epstein and indicated he would support the Fed's inspector general in resolving a federal criminal investigation into the Fed. The Senate Banking Committee voted along party lines to advance his nomination Wednesday, putting him on track for confirmation before Chair Jerome Powell's term ends May 15.