• एक Senate समिति Trump की पसंद को आगे बढ़ाने के लिए तैयार है जबकि Fed की स्वतंत्रता और Powell के भविष्य को लेकर संदेह बना हुआ है
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• Kevin Warsh, President Trump's nominee for Federal Reserve Chair, testifies in his first Senate Banking Committee hearing at 1400 GMT on April 21, 2026, facing questions on Fed independence amid Trump's pressure to cut rates.
• Warsh advocates reducing the Fed's balance sheet, conflicting with recent resumption of regular Treasury purchases in December 2025.
• The hearing addresses hot topics like Fed autonomy and potential rate cuts, with USD firming after Monday's rally rejection.
Former Wall Street banker faces questions at confirmation hearing – but his biggest backer is also his biggest liabilityOn the face of it, Kevin Warsh looks like an ideal candidate to chair the Federal Reserve, the world’s most important central bank. The 56-year-old Ivy League economist, former Wall Street banker and presidential adviser ticks all the boxes. Unfortunately for Warsh, as he faces what could be a fraught nomination hearing, his biggest backer is also his biggest liability.In his second term, Donald Trump has attacked the Fed in a manner both unprecedented and unseemly. He has called current chair Jerome Powell – whom he also appointed – a “jerk”, “a stubborn MORON”, and repeatedly threatened to fire him. Continue reading...
• President Donald Trump is backing Kevin Warsh as his preferred candidate for Federal Reserve chair, intensifying pressure on current Fed Chair Jerome Powell amid ongoing policy disagreements.
• Republican Senator Kevin Cramer discussed the timeline for the CLARITY Act and Trump's strategy to reshape Federal Reserve leadership during an appearance on 'Mornings with Maria.'
• Kevin Warsh was nominated as the next Federal Reserve Chair, set to succeed Jerome Powell in May 2026.
• Warsh, a critic of the Fed’s quantitative easing policies, is viewed by markets as a steady hand amid economic uncertainties.
• The nomination comes as PCE inflation rose to 2.9% and core PCE to 3.0% year-on-year in March, aligning with consensus expectations.