Gary Cohn: Kevin Warsh Will Restore Traditional Fed Practices

IBM Vice Chairman Gary Cohn praised President Trump’s nominee for Federal Reserve Chairman, Kevin Warsh, as “very highly qualified” and expected to restore traditional Fed norms. Warsh, who served on the Fed board from 2006 to 2011, played a crucial role during the 2008 financial crisis. Cohn anticipates Warsh will implement interest rate cuts and reduce the Fed’s large balance sheet while maintaining strong yet effective regulations. The nomination, however, faces potential challenges in the Senate amid concerns over the Fed’s independence and ongoing legal issues surrounding current Chairman Jerome Powell.

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