Kevin Warsh Before Senate: ‘Fed Independence Is Up to the Fed’

In these unusual and exigent circumstances, I saw the Fed and its people at their very best. But I also witnessed an institution that was tempted to play a larger role in the economy and society. So let me be very clear.Monetary policy independence is essential. Monetary policymakers must act in the nation's interest. Their decisions the product of rigor, deliberation, and unclouded decision-making.And as Senator Warren said, I do not believe that independence of monetary policy is threatened when elected o ...