The Business Times

International

The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

International

SUBSCRIBERS

US Treasury Secretary nominee backs independence for the Fed

His remarks lean away from subjecting its monetary policy decisions to greater congressional scrutiny

Published Thu, Jan 26, 2017 · 09:50 PM
Share this article.

Washington

UNITED States Treasury Secretary nominee Steven Mnuchin is not jumping on the Republican bandwagon to audit the Fed.

In written questions by senators following his confirmation hearing on Thursday, Mr Mnuchin was asked about his thoughts on "politicising decisions made by the Federal Reserve board of governors and the benefits of an independent central bank".

Mr Mnuchin's answer was crafted carefully.

"The Federal Reserve is organised with sufficient independence to conduct monetary poli…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

International

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here