Kevin Warsh Fed chair hearing

Warsh sought to dispel concerns that he would act as a 'sock puppet' for the administration, emphasizing his commitment to market stability.

Senator Elizabeth Warren was particularly critical, comparing Warsh's previous statements to President Trump's demands for lower rates.

The hearing comes as the administration continues its investigation into current Fed Chair Jerome Powell over alleged cost overruns.

While some Republicans have signaled support, Senator Thom Tillis has emerged as a key obstacle, citing concerns about market volatility and the nominee's inflation strategy.