Warsh faces high-stakes Senate confirmation hearing to lead world's most powerful central bank [FOX News]
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Source: FOX News
Kevin Warsh, President Donald Trump pick to lead the Federal Reserve for the next four years, heads into a high-stakes confirmation hearing Tuesday with lawmakers on Capitol Hill set to scrutinize his views on inflation, independence and the Fed's role. The hearing comes as the Federal Reserve faces mounting political, legal and economic pressure, making it a key test of how the next chair could reshape the central bank's independence at a critical moment for the U.S. economy. And with current Fed Chair Jerome Powell's term coming to an end on May 15, 2026, Republicans are scurrying to get a nominee confirmed even though they face pushback within the party. No institution has more influence over what people can afford than the Federal Reserve — an impact Americans feel every month. But that influence isn't always obvious. The Fed doesn't set the price of groceries or cars, but it does determine how expensive it is to borrow money to pay for them. And right now, borrowing is c
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