Kevin Warsh, a candidate for the chair of the U.S. Federal Reserve, aims to shrink the central bank's massive budget, which is estimated in the trillions. He believes the current spending is excessively high and requires significant correction. According to him, this will allow for more efficient use of taxpayer funds and increase the transparency of the Fed's operations. 'We need to reassess our priorities and focus on the bank's core mission,' Warsh stated. 'The budget must be backed by sound logic, not habit.' This initiative has sparked widespread debate in financial circles and among politicians.
