Kevin Warsh faces Senate hearing

Kevin Warsh faces a pivotal moment in his quest to lead the Federal Reserve as he prepares to testify before the Senate Banking Committee on Tuesday.

The hearing is expected to be contentious, with Democrats raising concerns about his past ties to Jeffrey Epstein and his alignment with President Trump's demands for lower interest rates.

Warsh's prepared remarks emphasize his belief in the Fed's accountability for inflation and the necessity of monetary independence.

The outcome of the hearing will determine if Warsh can secure the votes needed to succeed Jerome Powell in May.