Kevin Warsh faces Senate grilling

Kevin Warsh, President Trump's pick to lead the Federal Reserve, faced intense scrutiny from lawmakers as he seeks to replace Jerome Powell.

During his testimony, Warsh explicitly denied being the president's 'sock puppet' and vowed to act independently of political pressure.

Senator Elizabeth Warren and other Democrats raised concerns about his financial disclosures and his potential to follow Trump's demands for aggressive rate cuts.

The hearing highlights the growing debate over the future of the central bank's autonomy amidst ongoing economic instability driven by the Iran war.