"Quarles added that it’s “a fight that I don’t think would be wise to pick at this point,” given the Fed is already demonstrating its independence by not cutting rates.
“He’s got to be just as neutral as possible, and it’s really got to be just almost passive,” KPMG’s Diane Swonk told Semafor: “The commitment to independence has got to be embedded,” including in how Warsh talks about inflation."
Framing: assertive ·
First seen: 2026-08-28 ·
Last seen: 2026-08-28 ·
Spread: 1 articles