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Key Takeaways From Fed Chair Nominee Kevin Warsh’s Confirmation Hearing
This post was originally published on this site.
Kevin Warsh, the nominee for chair of the Federal Reserve, testified before the Senate Banking Committee on April 21, fielding a wide range of questions.
Warsh, selected to replace outgoing Fed Chair Jerome Powell next month, faced questions about monetary policy and central bank independence.
He also faced pushback from lawmakers regarding his financial disclosures and his relationship with President Donald Trump.
Despite opposition from several members of the committee, including Sen. Thom Tillis (R-N.C.), prediction markets widely expect the former Fed governor to be confirmed by June 30 at the latest.
For now, here are key takeaways from Warsh’s appearance on Capitol Hill….
Warsh, selected to replace outgoing Fed Chair Jerome Powell next month, faced questions about monetary policy and central bank independence.
He also faced pushback from lawmakers regarding his financial disclosures and his relationship with President Donald Trump.
Despite opposition from several members of the committee, including Sen. Thom Tillis (R-N.C.), prediction markets widely expect the former Fed governor to be confirmed by June 30 at the latest.
For now, here are key takeaways from Warsh’s appearance on Capitol Hill….
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