Business Politics US & Canada

Kevin Warsh faces confirmation hearing

Kevin Warsh faces confirmation hearing

Kevin Warsh faces a contentious path to becoming the next chair of the Federal Reserve as lawmakers prepare to grill him on his economic views and past connections.

Senator Thom Tillis has pledged to block the nomination until the Justice Department concludes its probe into current chair Jerome Powell.

Warsh is expected to commit to protecting the Fed's independence on interest rates despite Trump's public calls for lower borrowing costs.

The outcome of this hearing will have significant implications for global financial markets and the US economy.

Kevin Warsh
American governor of the Federal Reserve Board
Federal Reserve System
Central banking system of the United States
Jerome Powell
President of the FED
Thom Tillis
United States Senator from North Carolina since 2015