Fed Chair Nominee Warsh Commits to Independence
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Fed, Trump and Kevin Warsh
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April 21 (Reuters) - Federal Reserve chief nominee Kevin Warsh came under fire from Democrats in the U.S. Senate on Tuesday over his plans to divest tens of millions of dollars in financial assets if confirmed to lead the U.S. central bank.
President Trump’s effort to push out Federal Reserve Chair Jerome Powell is threatening his ability to finally replace his nemesis. The Senate Banking Committee is scheduled to hold a confirmation hearing Tuesday for Kevin Warsh,
Kevin Warsh’s record shows a former crisis-era Fed hawk who now appears more open to rate cuts, creating uncertainty about how he would balance inflation risks with President Trump’s push for lower interest rates.
President Trump would love to be finally rid of Fed Chair Jerome Powell. But firing him would kick up a legal firestorm and roil financial markets, experts said.
If confirmed, Kevin Warsh will inherit a Federal Reserve and an economy that are very different from past chairs' terms. Here's what to know.
6don MSN
Trump threatens to fire Powell if he doesn't quit Fed board; ongoing probe clouds Warsh confirmation
By Howard Schneider WASHINGTON, April 15 (Reuters) - President Donald Trump on Wednesday threatened to fire Federal Reserve Chair Jerome Powell from his separate seat on the U.S. central bank's Board of Governors if Powell does not vacate that post as well when his term as Fed chief ends on May 15,
FILE PHOTO: Former U.S. Federal Reserve Governor Kevin Warsh speaks during a monetary policy conference at Stanford University’s Hoover Institution in Palo Alto, California, U.S. May 9, 2025. REUTERS/Ann Saphir/File Photo Feb 27 (Reuters) - President ...