Rate cuts and power plays: Can Kevin Warsh serve the US economy under President Trump? | DW News
US president Donald Trump wants lower interest rates, but the current head of the Federal Reserve Jerome Powell has resisted. Now Powell’s term is up and Trump has nominated Kevin Warsh to replace him, saying he will deliver rate cuts. Questions about the Fed’s future independence dominated Warsh’s confirmation hearing in the US Senate.
0:00 US President Trump does not agree with the decisions made by the current head of the Federal Reserve
0:30 Trump’s pick to lead Fed rejects ‘sock puppet’ label
0:46 Brian Jacobsen, Chief Economic Strategist at Annex Wealth Management
2:10 When central bank policy is not conducted independently for the government, it can lead to bad outcomes
2:30 Why is the Fed chair so important?
4:05 Who is Kevin Warsh?
8:43 Elisabeth Warren, Member of the Senate Banking Committee
12:20 Kevin Warsh to be one of the richest Federal Reserve Chairs in a long time
14:03 Could Warsh’s alledged involvement with Epstein complicate the appointment process?
16:20 How will the markets react to his appointment?
17:30 How important is the role of the Fed Chair to the rest of the world?
#dwnews #uscentralbank #federalreserve
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