Mnuchin Backs Fed Independence and Signals Reform Isn’t Priority
- Treasury nominee says he supports recent moves on transparency
- House Republicans seek closer scrutiny of Fed policy actions
Mnuchin during his confirmation hearing in Washington, D.C., on Jan. 19, 2017.
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
U.S. Treasury Secretary nominee Steven Mnuchin isn’t jumping on the Republican bandwagon to audit the Fed.
In written questions by senators following his confirmation hearing on Thursday, Mnuchin was asked about his thoughts on “politicizing decisions made by the Federal Reserve Board of Governors and the benefits of an independent central bank.”