""I've been the luckiest, most blessed, fortunate person with the greatest teachers. I was a kid from upstate New York in public schools, and I had an opportunity to serve after 9/11.""
""Monetary policy must be independent of politics. The Federal Open Market Committee hasn't helped itself in that matter.""
""Inflation is a choice made by the Fed, and the central bank must earn that autonomy.""
Kevin Warsh presented contrasting images during his Senate Banking Committee hearing. Republicans view him as a seasoned economist ready for the Federal Reserve chair, while Democrats criticize him as a puppet for Trump and Wall Street. Warsh, revealing a personal fortune over $100 million, expressed his commitment to public service and the necessity of Federal Reserve independence. He stated that inflation is a choice made by the Fed and emphasized the need for the central bank to earn its autonomy.
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