Kevin Warsh Faces Senate Grilling

Kevin Warsh, President Trump's pick to lead the Federal Reserve, appeared before the Senate Banking Committee to defend his nomination amid concerns over his independence.

Warsh explicitly denied being the president's 'sock puppet' and argued that the Fed must 'stay in its lane' regarding political matters.

The hearing was complicated by a concurrent Justice Department investigation into outgoing chair Jerome Powell, which some Republicans cited as a reason to delay the vote.

Democrats also pressed Warsh on his substantial personal wealth and the transparency of his investment disclosures.