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Federal Reserve Nominee Waller Promises to Uphold Monetary Policy Independence

MeNews
ME News message: On April 21 (UTC+8), the U.S. Congress will hold a confirmation hearing for the Federal Reserve Chair nominee, Wosh, on Tuesday local time. Wosh pledged to maintain strict independence on interest-rate issues. He said that interest-rate decisions must be independent of political considerations, and monetary policy should not be used as a tool to achieve short-term political goals. He also emphasized that the Fed’s credibility comes from institutional constraints and policy discipline. Wosh further warned against expanding central bank functions into fiscal or social policy areas that lack statutory authority. (Source: ChainCatcher)
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