Warsh hints at a new reading of the Fed's power over swap lines amid UAE discussion

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Federal Reserve chair nominee Kevin Warsh believes the Fed's statutory independence doesn't fully extend to international policy issues, he said in in written responses published Tuesday to Senate Democrats' questions about the Fed's authority to establish swap lines. Warsh in those comments also flatly denies having any connection to deceased sex offender Jeffrey Epstein and hints he will abide by a plan to rely on the Fed's inspector general to resolve a federal criminal investigation into

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