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Trump wants new Fed chair to be 'totally independent'
Key takeaways
- Francisco Velasquez Business reporter EPA/Shutterstock Donald Trump urged the incoming Federal Reserve Chairman Kevin Warsh to be "totally independent" at a White House swearing in ceremony on Friday.
- The US president, who repeatedly and publicly clashed with Warsh's predecessor Jerome Powell, said he wants his latest pick to ignore outside opinions.
- "I really mean this, I want Kevin to be totally independent.
Why this matters: a developing story that could shape the day's news cycle.
Francisco Velasquez Business reporter EPA/Shutterstock Donald Trump urged the incoming Federal Reserve Chairman Kevin Warsh to be "totally independent" at a White House swearing in ceremony on Friday.
The US president, who repeatedly and publicly clashed with Warsh's predecessor Jerome Powell, said he wants his latest pick to ignore outside opinions.
"I really mean this, I want Kevin to be totally independent. Don't look at me, don't look at anybody, just do your own thing and do a great job, okay," he said.
Article preview — originally published by BBC News. Full story at the source.
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