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Kevin Warsh says he will not be Trump's 'sock puppet' if confirmed as Fed chairman
Warsh said he would fight inflation and keep the Federal Reserve free from political pressure as senators questioned his ties to Trump.
- On Tuesday, Federal Reserve chair nominee Kevin Warsh testified before the Senate Banking Committee, pledging monetary policy independence and denying President Donald Trump ever demanded specific interest rate cuts during their discussions.
- Contradicting Warsh's testimony, President Trump publicly stated Tuesday he would be "disappointed" if the nominee did not lower interest rates swiftly, asserting "we should have the lowest interest rate in the world."
- Demanding the Justice Department drop its investigation into Fed Chair Jerome Powell regarding $2.5 billion in building renovation costs, Senator Thom Tillis is blocking the confirmation vote.
- Senator Elizabeth Warren criticized Warsh as a "sock puppet," citing his failure to disclose over $100 million in investments, which he agreed to divest within 90 days if confirmed.
- Warsh outlined a "regime change" in Fed policy to combat 3.3% inflation, though rising energy prices from the war in Iran complicate the central bank's interest rate path going forward.
158 Articles
158 Articles
He is not a puppet of the US President, says Donald Trump's candidate for the head of the US Central Bank. He would make interest rate decisions "strictly independent".
Daily Journal
Kevin Warsh, a former Fed 'hawk' now in tune with Trump
Kevin Warsh, Donald Trump's choice to lead the US central bank, was once an inflation foe but has since made the case that interest rates could be lower -- an outcome the president has pushed for.
Fed Chair Nominee Warsh: Not Trump's Puppet, Inflation Less of a Problem. Kevin Warsh, the nominee for Chair of the U.S. Federal Reserve, stated on the 21st (local time) that he has no intention of blindly following U.S. President Donald Trump's pressure to cut interest rates. During his confirmation hearing before the Senate Banking Committee on that day...
Fed chair nominee says he will be independent of Trump, though Dems see a ‘sock puppet’ • Rhode Island Current
Kevin Warsh, President Donald Trump's nominee for chair of the Federal Reserve, testifies during his Senate Committee on Banking, Housing, and Urban Affairs confirmation hearing in the Dirksen Senate Office Building on April 21, 2026 in Washington, D.C. (Photo by Andrew Harnik/Getty Images)WASHINGTON — President Donald Trump’s pick to lead the Federal Reserve, Kevin Warsh, vowed Tuesday the central bank would remain “strictly independent” if he’…
Trump’s Fed Nominee Warsh Faces Rocky Confirmation Hearing
Kevin Warsh, President Donald Trump’s pick to lead the Federal Reserve after Jerome Powell’s term ends, faced a contentious Senate confirmation hearing Tuesday. Democrats interrogated Warsh about his ability to maintain the central bank’s independence under pressure from the president to cut rates. Sen. Ruben Gallego (D-AZ) asked Warsh why Trump told the Wall Street Journal that Warsh would cut interest rates as Fed chairman. “The president nev…
Fed chair nominee says he will be independent of Trump, though Dems see a ‘sock puppet’ • Maine Morning Star
Kevin Warsh, President Donald Trump's nominee for chair of the Federal Reserve, testifies during his Senate Committee on Banking, Housing, and Urban Affairs confirmation hearing in the Dirksen Senate Office Building on April 21, 2026 in Washington, D.C. (Photo by Andrew Harnik/Getty Images)WASHINGTON — President Donald Trump’s pick to lead the Federal Reserve, Kevin Warsh, vowed Tuesday the central bank would remain “strictly independent” if he’…
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