Warsh Is Sworn in as Fed Chair

“I will lead a reform-oriented Federal Reserve. Learning from past successes and mistakes both, escaping static frameworks and models, and upholding clear standards of integrity and performance.” I want Kevin to be totally independent. I want him to be independent and just do a great job. Don’t look at me. Don’t look at anybody. Just do your own thing and do a great job, OK?” “I happen to think he’s grossly incompetent. Today, certainly, he should be lowering interest rates, all right. Certainly — who would not lower them? But he’s stubborn.” “I worry that these attacks are battering the institution and putting at risk the thing that really matters to the public, which is the ability to conduct monetary policy without taking into consideration political factors.”