Kevin Warsh faces Fed hearing

Kevin Warsh’s confirmation hearing to lead the Federal Reserve centered on his commitment to maintain monetary policy independence from the executive branch.

During the proceedings, Senator Elizabeth Warren grilled the nominee regarding his financial assets and his refusal to state whether Joe Biden won the 2020 election.

Meanwhile, Senator Thom Tillis threatened to block the nomination until the Justice Department concludes its probe into Jerome Powell.

Warsh vowed to sell his significant investment holdings and promised he would not be a 'sock puppet' for the administration.