Kevin Warsh nomination still not clear after confirmation hearing
發佈日期: 2026-04-22 21:46
TVB News
US President Donald Trump's Federal Reserve Chair nominee Kevin Warsh says during his confirmation hearing that he never promised the White House interest rate cuts despite the president's calls for the central bank
to do so.
Worsening inflation makes implementing interest rate cuts difficult and could potentially slow the economy and hiring, putting Kevin Warsh, a former top Fed official Trump named to replace the current Federal Reserve chair, Jerome Powell, in a tough spot if he's confirmed.
At Warsh's confirmation hearing in the Senate, Massachusetts Democrat Senator Elizabeth Warren warned that her colleagues should not be aiding and abetting Trump's "illegal takeover" of the Fed by installing his chosen candidate and questioned Warsh's ability to stay independent from the president's policies, after Trump stated his opinions on rates and sought to fire a Fed governor.
Democratic Massachusetts Senator Elizabeth Warren said, "You said you would be independent because you're, quote, a tough guy. Those were your words, tough guy, and you will be able to stand up to President Trump."
Warsh responded that he shares Warren's sentiments for the Federal Reserve chair to remain independent and that if he is confirmed, the Federal Reserve should 'stay in its lane.'
The long-delayed hearing is a necessary step for Warsh's confirmation.
North Carolina Republican Senator Thom Tillis says while Warsh's credentials are "impeccable", the investigation into the current Federal Reserve chair must be dropped before he will vote for Warsh.
Republican Senator, North Carolina, Thom Tillis said, "I love the idea of Fed independence with respect to achieving the dual mandate, but Fed transparency on so many other things that the Fed does that frankly we are all frustrated with, bank examination, supervision being some among them that I think we should have more insight into."
It's not clear when the committee may even be able to vote on Warsh's nomination.
