Democrats press Warsh to release reported conversations with Trump
Summary
Democrats want Federal Reserve Chair Kevin Warsh to share the details of his talks with President Trump. They are concerned that these talks might affect the Federal Reserve’s ability to make independent decisions about the economy.Key Facts
- Federal Reserve Chair Kevin Warsh was confirmed in April.
- Kevin Warsh and President Trump have spoken several times since his confirmation.
- Democrats are asking Warsh to release records of these communications.
- The request is based on recent news reports about their conversations.
- Democrats worry the Federal Reserve might not be acting independently from the White House.
- The Federal Reserve is the U.S. central bank and makes important economic decisions.
- The independence of the Federal Reserve means it should not be influenced by political leaders.
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