Republicans and Democrats on the Senate Banking Committee appear poised to question Kevin Warsh, the nominee to be the next chairman of the Federal Reserve, on the central bank’s independence — but from different angles — during a hearing scheduled for Tuesday.
Ranking member Elizabeth Warren is also expected to question Warsh’s financial disclosures and ties to the late sex offender and financier Jeffrey Epstein.
President Donald Trump tapped Warsh, a former Fed governor, earlier this year to succeed Jerome Powell, whose term as chair ends on May 15. Whether the Fed operates free of political interference is likely to be a central issue.
