Business Politics US & Canada

Kevin Warsh Faces Confirmation Grilling

Kevin Warsh Faces Confirmation Grilling

During the high-stakes hearing, Senator Elizabeth Warren characterized Warsh as a potential 'sock puppet' for President Trump's demands for aggressive rate cuts.

Warsh countered by calling for a 'regime change' in central bank communications and inflation-fighting frameworks to restore economic stability.

The confirmation process remains complicated by an ongoing Justice Department investigation into current chair Jerome Powell over renovation costs at the Fed's headquarters.

Republican allies like Senator Thom Tillis have signaled they may block the nomination until the criminal probe into the sitting chair is resolved.

Kevin Warsh
American governor of the Federal Reserve Board
Federal Reserve System
Central banking system of the United States
Elizabeth Warren
American politician (born 1949)
Jerome Powell
President of the FED
Thom Tillis
United States Senator from North Carolina since 2015