Fed Chairman Warsh questioned about independence from Trump
Federal Reserve Chairman Kevin Warsh said the Fed will continue to set interest rates without considering politics during his first congressional testimony on Tuesday. Democratic Rep. Nydia Velázquez of New York asked the new Fed leader if he works for Trump, to which he responded: “We’re an independent central bank.” He reiterated that view in an exchange with Democratic Rep. Gregory Meeks of New York, who pressed Warsh on how he would respond if Trump “publicly pressures you to pursue a different course” than that warranted by economic data.
July 15, 2026
Do you have what it takes to write the clues on ‘Jeopardy!’?
Top EU official visits Ukraine and pledges continued support against Russia's invasion
Apple Intelligence AI service registered with China's cyberspace regulator
British leader Starmer faces his last question session in Parliament before leaving office next week
UK economy needs budget discipline, OECD says as Burnham prepares for power
Biden will publish 'Promise Me, America' memoir after the November midterm elections
Ugandan farmer Mukiibi steers Slow Food beyond its Italian roots