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US Treasury Secretary nominee backs independence for the Fed

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

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Published Thu, Jan 26, 2017 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

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".

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