Kevin Warsh faces Senate

Kevin Warsh's path to leading the world's most powerful central bank faces a critical test as he appears before a divided Senate panel.

President Trump's nominee must convince lawmakers he can maintain the Fed's independence despite intense political pressure to cut interest rates.

The hearing is complicated by Warsh's significant personal wealth and his past professional ties, which have drawn scrutiny from both parties.

Additionally, a Justice Department investigation into Jerome Powell has become a focal point, with some senators threatening to block the nomination until the probe is resolved.