Gate News April 21: Federal Reserve Chair nominee Kevin Warsh pledged at his confirmation hearing that, if confirmed, he will sell undisclosed assets under an agreement reached with the Office of Ethics to address potential conflicts of interest.
Warsh outlined his policy priorities, saying that rising cost of living is a more urgent issue than other economic problems. He stressed the need for fundamental policy reform, including establishing a new inflation framework and improving communications strategies. He also criticized the Federal Reserve for tending to keep its economic forecasts longer than they should be and noted that the Federal Reserve is still dealing with legacy issues arising from policy mistakes in 2021-2022.
Regarding his investments, Warsh said he has agreed to sell assets under terms negotiated with the Federal Reserve’s Office of Ethics. If he is confirmed as Federal Reserve Chair, he will sell the remaining undisclosed holdings to comply with ethical requirements.
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