Opinion: Warsh should publicly resist Trump's pressure on the Fed to maintain central bank independence.

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BlockBeats news, July 6 - Bloomberg columnist Jonathan Levin wrote that U.S. President Donald Trump and his allies are continuously pushing to influence Federal Reserve decisions through personnel changes, including attempting to remove Fed Governor Lisa Cook, interfering in the selection of the president of the Federal Reserve Bank of Atlanta, etc., in order to expand the influence of White House supporters on the Federal Open Market Committee (FOMC).

Levin believes that Kevin Warsh, seen as a leading candidate for the next Fed chair, should publicly oppose White House interference, support Jerome Powell and Cook in completing their terms, and demand that the White House withdraw from the regional Fed president selection process, otherwise his credibility and influence within the committee as future Fed leader would be undermined.

Federal Reserve independence is key to maintaining stable inflation expectations and the credibility of monetary policy. Continued political interference could harm U.S. macroeconomic stability.

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