multi source·2h ago·6 sources analyzed
Kevin Warsh prepares for Senate confirmation hearing for Fed chair
Kevin Warsh is set to testify before the Senate Banking Committee regarding his nomination to lead the Federal Reserve. His confirmation process may be affected by ongoing investigations into the central bank. (sources: cbsnews, ft, nytimes, bloomberg, usatoday)
Image: usatoday
ModernAction Briefing
Warsh, nominated by Trump, will address senators' questions on inflation and interest rates. His ability to secure the position may be complicated by a criminal investigation involving the Federal Reserve.
- Warsh is nominated to succeed Jerome Powell as Fed chair.
- He will emphasize the importance of Fed independence during his testimony.
- Senators are expected to question him on economic policy matters.
Why it matters
The outcome of Warsh's confirmation could influence the Federal Reserve's approach to monetary policy.
No specific legislation identified for action yet.
Top coverage · 6 sources
cbsnewsKevin Warsh set to face lawmakers in Fed chair confirmation hearingftKevin Warsh to say Fed independence not threatened by political pressurenytimesTrump’s Fed Pick to Defend Central Bank’s Ability to Set Rates IndependentlybloombergFed Pick Warsh to Face Senate Grilling With Confirmation in Limbo