Warsh Says He'd Be an Independent Actor as Fed Chair

• Warsh believes the Fed 'missed its mark' with policy errors in 2021-2022, implying a failure to control inflation.
• He calls for a 'regime change' in the conduct of policy and a 'different new inflation framework', suggesting a potential shift towards a more hawkish monetary stance.
• He affirmed the Fed's independence, stating he would be an 'independent actor' and was not influenced by the President regarding interest rate decisions.

Kevin Warsh, a nominee for Federal Reserve Chair, criticized the Fed's past 'policy errors' in 2021-2022, advocating for a 'regime change' in policy and a 'different new inflation framework'. He emphasized his commitment to being an 'independent actor' if confirmed, stating that the President never asked him to predetermine interest rate decisions.