According to Jinshi Data, one of the candidates for the next Federal Reserve chair, Kevin Warsh, stated that the independence of the Federal Reserve is 'crucial.' In an interview with CNBC, Warsh pointed out that independent operations in the implementation of monetary policy are essential, but that does not mean the Federal Reserve has independence in all matters.
Warsh served as a Federal Reserve governor from 2006 to 2011, pursuing a hawkish interest rate policy to address inflation risks; this year he advocates for rate cuts, aligning with President Trump's position. Trump is considering nominating a successor after Chairman Powell's term ends next May.
