Kevin Warsh Faces Senate

Warsh is expected to commit to protecting the Federal Reserve's operational independence while navigating Trump's demands for interest rate cuts.

However, Senator Thom Tillis has vowed to block the vote until the Justice Department ends its investigation into outgoing chair Jerome Powell.

The hearing comes at a volatile time for the U.S. economy, with the Iran war driving up fuel prices and complicating the inflation outlook.

Lawmakers are also scrutinizing Warsh's personal fortune, which is estimated to be as high as $226 million.