Trump's Federal Reserve nominee to face tough hearing before Senate panel

AP News AP News —

Kevin Warsh is taking another step toward his decade-long goal of winning the top job at the Federal Reserve by appearing at a hearing before the Senate Banking Committee on Tuesday.

But the role that he may eventually assume could turn out vastly different than what he expected.

Warsh, a former top official at the Fed and a wealthy investor, will likely face a range of tough questions at the hearing.

Democrats on the committee have already signaled they will press him about what they argue is a lack of transparency regarding some of his vast financial holdings.

And it’s not clear when the committee may even be able to vote on his nomination.

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Kevin Warsh Faces Senate