Fed Chairman Warsh says he meets 'often' with Trump administration, defends independence

Fed Chairman Kevin Warsh clarified that he has regular, albeit informal, interactions with the Trump administration, specifically Treasury Secretary Scott Bessent, outside their usual weekly meetings. Warsh emphasized the importance of maintaining the Federal Reserve's independence from political influence, underscoring that these frequent discussions do not compromise this principle. This comes amid ongoing scrutiny about the relationship between central bank leadership and the executive branch, highlighting the critical balance between political oversight and economic stability.