Kevin Warsh faces Senate hearing

Kevin Warsh's hearing is anticipated to be one of the most contentious in the Fed's history, as he seeks to succeed Jerome Powell.

Critics have raised concerns about Warsh's past connections and whether he will align the central bank's policies with the President's agenda.

Warsh is expected to vow to maintain the Fed's independence while addressing the economic challenges posed by the ongoing Iran war.

The outcome of the hearing will have major implications for global financial markets and US economic policy.