Fed Nominee Kevin Warsh Testifies

Kevin Warsh appeared before the Senate Banking Committee for a critical confirmation hearing that highlighted the growing tension over the Federal Reserve's autonomy.

Warsh rejected the 'sock puppet' label, insisting he has not made any private deals with President Trump to lower interest rates in exchange for the role.

However, his testimony lacked specific implementation details, leaving some senators concerned about how he would handle the economic fallout from the Iran war.

The hearing comes as the Trump administration continues to push for immediate monetary easing to counter rising domestic costs.