Senators question Kevin Warsh on Fed independence, inflation
Summary
President Donald Trump’s choice to lead the Federal Reserve, Kevin Warsh, appeared before the Senate for a confirmation hearing. Senators asked him about the Federal Reserve’s independence and how he plans to handle inflation.Key Facts
- Kevin Warsh is President Trump’s nominee for the Federal Reserve chair.
- The Senate held a confirmation hearing for Warsh.
- Senators questioned Warsh about the Federal Reserve’s independence.
- They also asked about his plans to manage inflation.
- The Federal Reserve is the U.S. central bank that controls money supply and interest rates.
- The confirmation process is required before Warsh can officially lead the Fed.
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