Kevin Warsh says there's no threat to Fed independence from elected officials

So let me be very clear. Monetary policy independence is essential. Monetary policy makers 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 officials state their views on rates. Fed independence is up to the Fed.That has three implications. First, Congress is tasked with the mission to ensure price stability. Inflation is the Fed's c ...