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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.