fed

Kevin Warsh, Donald Trump's pick to run the US Federal Reserve, used his confirmation hearing to draw a firm line: if confirmed, he said, the White House would not dictate his decisions. Facing pointed questions about his personal wealth and the Fed's autonomy, Mr Warsh said he would safeguard the central bank's freedom to set monetary policy without political interference. A former Fed governor, Mr Warsh moved quickly to underscore what he called his commitment to "ensuring that the conduct of monetary policy remains…