"Top candidate for Federal Reserve Chair" Powell once again supports Trump: independence does not hinder rate cuts.

Wisdom Financial APP learned that Kevin Warsh, a popular candidate for the next chairman of the Federal Reserve, made a major statement again. In a recent interview, he said that the independence of the central bank is "crucially important," but he added that this independence is very limited in scope. He emphasized that under the leadership of current chairman Jerome Powell, the Federal Reserve has stepped into policy areas where it has no authority. Warsh also said that maintaining independence and immediately lowering interest rates are not contradictory. The Federal Reserve should not be overly concerned about tariffs leading to sustained inflation.