Kevin Warsh faces Fed confirmation hearing

The confirmation process for Kevin Warsh begins this week as lawmakers prepare to grill the nominee on his economic views and commitment to Fed autonomy.

Prepared testimony indicates that Warsh will argue for the Fed to 'stay in its lane' and focus on price stability rather than political objectives.

However, Democrats have signaled they will focus on Warsh's financial disclosures and past connections to controversial figures.

The hearing comes at a precarious time for the central bank, which is under pressure from the administration to lower interest rates amid the economic fallout of the Iran war.