Federal Reserve’s independence, credibility face new scrutiny in Warsh era
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Federal Reserve’s independence, credibility face new scrutiny in Warsh era

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Shift from deflation to inflation heralds monetary policy changes worldwide

Kevin Warsh testifies before a U.S. Senate Banking Committee confirmation hearing in April. © Reuters

TOKYO — Former Federal Reserve Vice Chair Donald Kohn is worried about U.S. central bank independence.

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