Kevin Warsh faces Senate grilling

Kevin Warsh, Donald Trump’s pick to lead the Federal Reserve, faces a contentious confirmation process as he seeks to succeed Jerome Powell.

The hearing comes amid a DOJ investigation into Powell, which some Republican senators have used as a reason to delay the nomination.

Warsh is expected to defend the central bank's operational independence while navigating Trump's public demands for interest rate cuts.

Additionally, his disclosed assets, valued between $135 million and $226 million, have drawn scrutiny from ethics watchdogs and progressive lawmakers.