Forex
Warsh Faces Senators' Demand for Trump Talks Transparency
US Federal Reserve Chair Kevin Warsh has been asked by four Senate Democrats to disclose his conversations with President Trump. The request comes after reports of 'unprecedented' talks between Warsh and Trump.
The senators, who are all Democrats, have expressed concerns that the Fed's independence is being jeopardized due to Warsh's refusal to discuss the talks.
The exact nature and frequency of the conversations are not specified in the report. However, it has been noted that such discussions between a Fed official and the President could potentially undermine the central bank's decision-making process.