politics
Senate Hearing Examines Fed Nominee Kevin Warsh, Powell Investigation
Kevin Warsh, nominee for Federal Reserve Chair, is scheduled to testify before senators on April 21, 2026, addressing his financial disclosures, policy views, and an ongoing Justice Department probe into current Chair Jerome Powell. Several senators have expressed concerns about the nomination process amid the investigation. The hearing highlights debates over Federal Reserve independence.
Apr 21, 4:46 AM·1m read1 source
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Kevin Warsh, nominated to lead the Federal Reserve, is set to appear before senators on April 21, 2026, to discuss his financial disclosures, arguments for rate cuts, plans for the balance sheet, and the Justice Department's investigation of current Chair Jerome Powell.
Sen. , plans to introduce Warsh by stating that the central bank is in need of repair and confronting serious uncertainty.
Sen. Elizabeth Warren, D-Mass., stated that Democrats expect to question Warsh on his views of the investigation and how he could credibly run an independent Federal Reserve. In his opening statement, Warsh plans to argue that Federal Reserve independence is largely up to the Federal Reserve itself.
Sen. Thom Tillis, R-N.C., has pledged to block Warsh’s nomination from advancing until the Justice Department ends its investigation of Powell. Tillis stated that the only development that would change his position is a news report confirming the investigation has been dropped.
Sen. , stated that Warsh will ultimately be confirmed but added that he does not know in what decade, describing Tillis as serious as an aneurysm.
