Kevin Warsh Testifies at Fed Chair Confirmation Hearing
Kevin M. Warsh, President Trump's pick for Federal Reserve chair, testified before a Senate panel, denying any deal on interest rates and emphasizing independence. He described AI as a major economic disruptor and opposed a central bank digital currency. Separately, Rep. Tim Burchett discussed UFO videos that defy explanation.
SemaforKevin M. Warsh testified at his confirmation hearing to lead the Federal Reserve on Tuesday, seeking to dispel doubts that he would yield to President Trump’s demand for lower rates. Warsh, President Trump's pick for Federal Reserve chair, said he will not be President Trump's 'puppet' during the hearing.
He denied making a deal with Donald Trump on interest rates and backed 'policy regime change' at the central bank. He also stated that the Federal Reserve has no legal right to issue a CBDC and that it would be a bad policy choice.
A GOP senator’s hold related to a Justice Department probe clouds his path forward, according to The Washington Post. The Republican senator standing in the way isn’t budging, so the party is now left to hope that the president might, Semafor reported. The Fed chair faced many questions about his finances, but few about his plan to overhaul the central bank, CNBC reported.
Separately, Rep. Tim Burchett said he has seen UFO videos that ‘defy any reason’ and that ‘these people are seeing something out there,’ as reported by The Hill.
