During a second straight day of hearings before lawmakers in Washington, D.C., Federal Reserve Chair Kevin Warsh testified Wednesday that he has gone “over and above” satisfying an Office of Government Ethics agreement he disclosed in April concerning his divestment of assets before joining the U.S. central bank.
In opening remarks, Sen. Tim Scott, R-S.C., chair of the Senate Committee on Banking, Housing and Urban Affairs, called himself “encouraged” by the operational overhaul Warsh has begun to introduce at the central bank.
Promoting the centrality of monetary policy in making housing affordable, Scott framed Warsh’s task atop the Fed as “working to combat years of mission creep and restoring its credibility, especially to the general p...