Politics Business US & Canada

Kevin Warsh Faces Senate Scrutiny

Kevin Warsh Faces Senate Scrutiny

Kevin Warsh, President Trump's pick to lead the Federal Reserve, appeared before lawmakers to defend his nomination amid a backdrop of intense political pressure.

During the hearing, Warsh called for 'regime change' in the central bank's policy framework, specifically targeting its approach to inflation and forward guidance.

Democratic senators, led by Elizabeth Warren, questioned his independence and pressed for details regarding his substantial personal investment portfolio.

The confirmation process is further complicated by a Republican-led effort to halt a Justice Department investigation into current Fed Chair Jerome Powell.

Kevin Warsh
American governor of the Federal Reserve Board
Federal Reserve System
Central banking system of the United States
Elizabeth Warren
American politician (born 1949)
Jerome Powell
President of the FED