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

• Monetary policy independence is essential and not threatened by elected officials' views on rates.
• Fed independence is 'up to the Fed', with policymakers acting in the nation's interest through rigor and deliberation.
• Congress tasks the Fed with price stability, making inflation the Fed's choice, and the Fed must 'stay in its lane'.

Kevin Warsh, a potential Fed chair, asserts that the Federal Reserve's monetary policy independence is essential and not threatened by elected officials' opinions on rates. He emphasizes that the Fed's independence is its own responsibility, tasked by Congress with ensuring price stability, and must 'stay in its lane'.