Federal Reserve microphone: US Senator asks Walsh to disclose Mandarin records with Trump, questioning the transparency of the Federal Reserve
Comparing news, Nick Timiraos, the chief economic reporter of the Wall Street Journal and known as the Federal Reserve's microphone, recently wrote that Federal Reserve Chairman Kevin Walsh is facing severe audit pressure from Congress. On Wednesday local time, four members of the Senate Banking Committee, led by Senator Chris Van Hollen (Chris Van Hollen), sent a joint letter to Walsh requesting that all details of their communication with US President Trump be publicly disclosed.
Earlier, there were reports that Walsh maintained frequent telephone contact with Trump after taking office, but no related calls were recorded in the Federal Reserve's public schedule for Walsh's initial tenure. Lawmakers believe that this kind of selective transparency may raise concerns about the government interfering with monetary policy.
White House National Economic Council Director Kevin Hassett said earlier that Walsh and Trump have maintained economic discussions for a long time, but said Trump will not put pressure on the Federal Reserve. Trump later denied the reports, saying that he had only had a brief conversation with Walsh a few days ago.
Currently, the Federal Reserve said it is still delaying disclosure of the chairman's schedule in accordance with established rules. The market is concerned about whether Walsh will add relevant information and whether this will affect external confidence in the independence of the Federal Reserve.




