Kevin Warsh

• Sebuah komite Senat bersiap untuk memajukan pilihan Trump di saat keraguan masih menyelimuti independensi Fed dan masa depan Powell. • Kevin Warsh, pilihan Donald Trump untuk memimpin Federal Reserve, dijadwalkan akan melewati hambatan prosedural utama pada hari Rabu, membuka jalan baginya untuk menggantikan Jerome Powell dalam beberapa minggu mendatang di tengah upaya Gedung Putih yang belum pernah terjadi sebelumnya untuk menjalankan kendali atas bank sentral terkuat di dunia. • Komite perbankan Senat dijadwalkan akan memberikan suara pada pukul 10 pagi EDT (1400 GMT) untuk memajukan nominasi Warsh ke Senat penuh yang dikendalikan oleh Partai Republik.

• 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...