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Kevin Warsh Defends Fed Independence at Senate Hearing Amid Political Opposition
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Política·22/4/2026Resumen IA

Kevin Warsh Defends Fed Independence at Senate Hearing Amid Political Opposition

Kevin Warsh, nominated to lead the Federal Reserve, told the Senate Banking Committee he made no secret agreements with the White House over interest rate policy, defending his independence amid pressure from President Trump for rate cuts. Democratic senators, including Elizabeth Warren, labelled him a potential "sock puppet," while Republican Thom Tillis refuses to support the nomination due to a DOJ investigation into Jerome Powell. The confirmation faces hurdles before Powell's term expires May 15.

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