Close Menu
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Helios Blockchain Partners ZNS Connect to Launch Web3 Naming on Testnet

July 30, 2025

Will ADA outperform Bitcoin? – Charles Hoskinson’s 100x prediction explained

July 30, 2025

First Look: Inside United’s Newest Denver Club

July 29, 2025
Facebook X (Twitter) Instagram
  • Contact Us
  • Privacy Policy
  • Terms Of Service
Wednesday, July 30
Doorpickers
Facebook X (Twitter) Instagram
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking
Doorpickers
Home»Economic News»Contender to succeed Jay Powell blames Fed for ‘systematic errors’
Economic News

Contender to succeed Jay Powell blames Fed for ‘systematic errors’

April 25, 2025No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Subscribe to the White House Watch newsletter for exclusive insights

Get the latest on Trump’s second term and its impact on Washington, business, and the global landscape

A leading contender to take over from Jay Powell as the next Federal Reserve chair has criticized the US central bank for making “systematic errors” and failing to rein in the highest inflation rates in decades. 

Kevin Warsh, a former Fed governor and close associate of President Donald Trump, blamed the central bank for behaving more like a broad government agency than a focused central bank, which he believes has hindered its ability to maintain inflation at the targeted 2 per cent. 

“Since the financial crisis of 2008, the central bank’s dominance has become a defining characteristic of American governance,” Warsh stated at a Group of 30 event in Washington. 

He also criticized the Fed’s $7 trillion balance sheet for enabling excessive government spending, leading the country’s fiscal position down a risky path. 

Warsh’s comments come amidst escalating tensions between the Fed and the president, with Trump recently expressing his impatience with Powell’s leadership. However, Trump later clarified that he had no plans to remove Powell from his position, easing concerns in global markets. 

Warsh, who was critical of central bank policies last year, highlighted his concerns about the Fed’s involvement in non-monetary issues such as climate change and social inclusion. 

As Powell’s current term ends in 2026, discussions have begun about potential successors, with Warsh and National Economic Council head Kevin Hassett emerging as top contenders. 

Recommended

Jay Powell, chair of the US Federal Reserve

Recent challenges to the Fed’s independence, including Trump’s pressure to lower interest rates and claims of authority to dismiss the Fed chair, have raised concerns about the central bank’s autonomy, leading to market fluctuations. 

Warsh emphasized the importance of the Fed’s operational independence in setting interest rates without political interference, while also advocating for accountability in cases of poor monetary outcomes. 

blames Contender errors Fed Jay Powell succeed systematic
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Delusional Seattle Democrats Blame Trump While Ignoring Their Role In Homelessness Crisis

July 29, 2025

End Game: Netanyahu Now Plans To Annex Gaza, Bowing To Extremist Members Of Coalition

July 29, 2025

NYC Blackstone Tower Shooter ID’d As Shane Tamura

July 28, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

UK entrepreneurs sound alarm over tariffs hit to small businesses

April 26, 20251 Views

HeLa Space Revolutionizes On-Chain Asset Management in Partnership with Aspis Protocol

January 14, 20250 Views

Fannie Mae And Freddie Mac’s Combined Net Worths Climb To $154B

February 17, 20250 Views
Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Latest
Crypto

Helios Blockchain Partners ZNS Connect to Launch Web3 Naming on Testnet

July 30, 20250
Crypto

Will ADA outperform Bitcoin? – Charles Hoskinson’s 100x prediction explained

July 30, 20250
Personal Finance

First Look: Inside United’s Newest Denver Club

July 29, 20250
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Terms Of Service
© 2025 doorpickers.com - All rights reserved

Type above and press Enter to search. Press Esc to cancel.