Watch live: Kevin Warsh, Trump’s pick to replace Powell at Fed, faces confirmation hearing
Summary
Kevin Warsh, chosen by President Trump to replace Jerome Powell as head of the Federal Reserve, is speaking to the Senate Banking Committee. Warsh was a Fed board member before and was picked amid disagreements between President Trump and Powell about interest rates and spending.Key Facts
- President Trump nominated Kevin Warsh to lead the Federal Reserve.
- Warsh previously served on the Federal Reserve’s board.
- Jerome Powell is the current Federal Reserve Chair.
- President Trump and Powell had tensions over interest rate decisions.
- There were also concerns about expensive renovations at the Federal Reserve.
- Warsh’s confirmation hearing is held by the Senate Banking Committee.
- The hearing was scheduled for Tuesday morning.
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