Federal Reserve Independence Largely up to the Central Bank: Kevin Warsh

President Donald Trump’s replacement for Jerome Powell supports restoring institutions such as the Federal Reserve ‘to what they once were.’

Former Federal Reserve board member Kevin Warsh speaks during a monetary policy conference at Stanford University’s Hoover Institution in Palo Alto, Calif., on May 9, 2025. Ann Saphir/Reuters

Kevin Warsh, President Donald Trump’s nominee to chair the Federal Reserve, said that central bank independence is up to the institution itself, according to remarks released on April 20.

Warsh’s remarks—which will be delivered at his April 21 confirmation hearing—reflect much of what he has said in public appearances over the past few years, from revisiting the conduct of monetary policy to the Federal Reserve’s track record.