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.