Kevin Warsh testifies before Senate Banking Committee as Fed chair nominee, calls for Fed independence

In his confirmation hearing before the Senate Banking Committee, Trump's nominee Kevin Warsh testified that he would remain "strictly independent" in setting monetary policy, directly addressing concerns that he would succumb to Trump's pressure for rate cuts. Warsh emphasized his 2006-2011 experience as a Fed governor during the financial crisis qualified him to lead during uncertain economic times. (NPR, Apr. 21, 2026)