Democrats Question Fed Independence Over Trump Conversations
Four Senate Democrats have expressed concerns about the independence of the Federal Reserve after it was revealed that Federal Reserve Chairman Kevin Warsh's calendars show no record of his conversations with President Trump, despite multiple reported meetings.
The senators, led by Senator Chris Van Hollen of Maryland, sent a letter to Warsh requesting that he publicly disclose their conversations. They argue that undisclosed contact between the president and the Fed chairman could create 'a risk to the integrity' of the central bank's decision-making process.
The Wall Street Journal reported on the calendars showing no record of meetings with Trump, despite multiple sources confirming that the two have spoken repeatedly since Warsh took office. The senators argue that this lack of transparency is a concern because it could undermine public trust in the Fed's ability to make independent decisions.