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Kevin Warsh, Fed Nominee, Senate Hearing on Fed Independence

Kevin Warsh appeared before the Senate Banking Committee for a confirmation hearing on his nomination by President Trump to serve as Federal Reserve chairman. Warsh stated that monetary policy independence is essential and that the Fed must earn its independence by delivering on its commitments. The nomination currently lacks sufficient votes to advance, with Sen. Thom Tillis (R-N.C.) blocking the nomination pending resolution of unrelated Justice Department matters involving Fed Chair Powell.

Senate Democrats Seek Delay of Kevin Warsh Nomination

The eleven Democratic members of the Senate Banking Committee called on Chairman Tim Scott (R-N.C.) to delay the nomination hearing for Kevin Warsh to be Federal Reserve chairman until the Trump administration drops investigations into current Chairman Jerome Powell and Governor Lisa Cook. The committee scheduled the Warsh hearing for April 21, 2026. Democrats cited concerns about President Trump's involvement in directing criminal investigations against sitting Fed board members.

Chair Powell Accepts Public Integrity Award

Federal Reserve Chair Jerome Powell accepted the Paul A. Volcker Public Integrity Award at the American Society for Public Administration Annual Conference. In his remarks, Powell reflected on Paul Volcker's legacy of integrity and independence in public service, particularly during his tenure at the Federal Reserve.