🗣 #Warsh: Independence of the #Fed and Broad Monetary Reforms. Kevin Warsh affirmed yesterday during his nomination hearing the Federal Reserve’s monetary policy independence, rejecting any presidential interference and emphasizing the need to protect institutional boundaries. • Proposed a reform agenda including a review of inflation models, reducing the frequency of market communications, and shrinking the Fed’s balance sheet of approximately $6.7 trillion. • Avoided commenting on attempts by #Trump to remove Lisa Cook or ongoing investigations, noting that the legal framework is the established path. • Acknowledged that artificial intelligence may temporarily increase inflation, but clarified that long-term productivity gains could support lower interest rates as growth improves. • Recognized that expansion of the balance sheet has contributed to widening wealth inequality, without specifying targeted reduction levels. #Kevin_Warsh #Trading #Inflation #Investment #MonetaryPolicy #InterestRates #TopEvents #Economy #ArtificialIntelligence #FinancialMarkets #JeromePowell #Fed #AI #US_Economy