Kevin Warsh Fed Confirmation Hearing Focuses on Banking Reforms and Economic Changes
Kevin Warsh, Trump's nominee to replace Jerome Powell as Federal Reserve chair, faced a Senate confirmation hearing on Tuesday. Republican senators characterized him as a reformer ready to shake up the tradition-bound institution and address inflation concerns.
Confirmation Hearing Underway
At Kevin Warsh's Fed confirmation hearing today, Republicans will cast him as a change agent ready to shake up a tradition-bound institution.
Reform Narrative
In remarks introducing Warsh obtained by Axios, Sen. Dave McCormick (R-Pa.) will say the onetime Fed governor "brings a reformer's heart" and "will shake up a stagnant institution at a time when change is sorely needed."
Key Issues in Senate Focus
Senators are likely to press Warsh, President Trump's nominee to succeed Jerome Powell as Fed chair, on his views about inflation and interest rates.