During questioning from Democratic Sen. Angela Alsobrooks, Kevin Warsh declined to weigh in on President Trump’s attempt to fire Lisa Cook from her position on the Federal Reserve Board of Governors, a case that is now before the Supreme Court. “The Fed should stay in its lane,” Warsh said. Source link
IE 11 is not supported. For an optimal experience visit our site on another browser. Skip to Content news Alerts There are no new alerts at this time 01:00 Warren says Kevin Warsh could be Trump’s ‘sock puppet’ 00:0000:00 Source link
Kevin Warsh, President Trump’s nomination for chair of the Federal Reserve, told senators Tuesday that the central bank would remain “strictly independent.” CBS News’ Taurean Small reports on the hearing. Source link
Sen. Chris Van Hollen, a Maryland Democrat, voiced his concerns about Kevin Warsh’s shifting stance on interest rates over the years. Van Hollen asked Warsh why he was in favor of lowering interest rates while inflation remained high. Source link
Watch: Sen. Kennedy asks Kevin Warsh if he’s going to be Trump’s “human sock puppet” – CBS News Watch CBS News Kevin Warsh told GOP Sen. John Kennedy that he will not be President Trump’s “human sock puppet” and will remain fully independent if he’s confirmed as the chairman of the Federal Reserve. Source link
During questioning from GOP Sen. Tim Scott, Kevin Warsh criticized the Federal Reserve for “policy errors in 2021 and 2022” that allowed inflation to soar. “Once you let inflation take hold of the economy, it’s more expensive and harder to bring it down,” Warsh said. Warsh appeared before his Senate confirmation hearing to replace Jerome … Read more
Kevin Warsh, President Trump’s pick to replace Federal Reserve Chair Jerome Powell, is facing questioning on Tuesday at his Senate confirmation hearing. CBS News’ Caitlin Huey-Burns has the latest. Source link
Kevin Warsh, President Trump’s nominee to replace Jerome Powell as chair of the Federal Reserve, is set to testify at his Senate confirmation hearing on Tuesday that the central bank will remain “strictly independent” in setting monetary policy. The statement, published by Politico ahead of Warsh’s 10 a.m. ET confirmation hearing before the Senate Banking Committee, comes … Read more
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President Trump is fighting to reshape the Federal Reserve, aiming to replace Chair Jerome Powell with a new central bank chief after sparring with Powell for months. But the clock is ticking before Powell’s term ends on May 15, and Mr. Trump’s nominee for Fed chief, Kevin Warsh, is facing a roadblock to his Senate … Read more