Warsh vows independence in Fed hearing

The Senate Banking Committee held a high-stakes confirmation hearing for Kevin Warsh, who is poised to succeed Jerome Powell as Fed chair.

Warsh faced sharp questioning from Democrats, with Senator Elizabeth Warren labeling him a potential 'sock puppet' for Trump's interest rate policies.

The nominee signaled a shift toward 'monetary sovereignty' and criticized the current Fed's approach to providing unlimited global liquidity.

Despite his promises of autonomy, analysts suggest Warsh will face a difficult path in balancing Trump's demands with the need for market stability.