Kevin Warsh says ‘we need to take politics out of monetary policy’ as Elizabeth Warren calls him Trump’s ‘sock puppet’
Donald Trump’s nominee for US Federal Reserve chair, Kevin Warsh, faced a tumultuous hearing in Washington on Tuesday, fielding scrutiny over his wealth and his ability to operate independently of the president who appointed him.
Should he be confirmed, Warsh will hold one of the most powerful roles in the US federal government, with massive influence over the global economy and the ability to move markets.
During a hearing before the Senate banking committee, Warsh did his best to bat away questions that he argued verged too far into “politics”. But Warsh’s nomination was punctured with politics long before he sat down for the hearing, something that became clear as soon as he appeared before the Senate.
Yet the Democrats will vote with Republicans just as they have for all his nominations. They can flat out tell them the truth that his going do what Trump wants and still will get the gig. Our government is captured and we the American people will pay the price for not rising up.