Warsh faces Senate grilling over Fed independence and conflicts of interest
TL;DR Summary
Trump-picked Kevin Warsh faced a Senate confirmation hearing to become Federal Reserve chair, arguing that monetary policy independence must be earned; he pledged to divest roughly $100 million of investments to avoid conflicts, while lawmakers—led by Elizabeth Warren and Thom Tillis—pressed him on asset ownership and potential ties to Trump, Epstein, and other concerns as the White House pressures for rate cuts long-term.
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- Fed nominee Warsh endorses monetary policy independence as Trump declines off-ramps Axios
- Fed chair nominee Kevin Warsh faces first major test CNN
- Trump’s feud with Powell threatens plans to replace Federal Reserve chair The Hill
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