Kevin Warsh Defends Fed Independence, Cites Inflation

Kevin Warsh, Fed chair nominee, told Senate he will maintain Fed independence and has not pre‑committed to any policy.
He advocated a slow, deliberate balance‑sheet reduction, advance market signaling, and coordination with the Treasury while reforming Fed communication.
Warsh highlighted trimmed‑mean (2.3% YoY) and median (2.8% YoY) inflation measures as lower than core PCE (3.0% YoY).
Republican Sen. Tillis said he will oppose Warsh’s confirmation until the DOJ investigation into Chair Powell is resolved, risking a stall.