Kevin Warsh, the nominee to be next chairman of the Federal Reserve, promised senators Tuesday that the central bank would maintain its independence from the White House under his leadership and that he would divest assets that raised conflict-of-interest concerns among Democrats.
Warsh tried to reassure lawmakers at the Senate Banking Committee confirmation hearing that he would stay at arm’s length from President Donald Trump.
“I’m honored the president nominated me for the position, and I’ll be an independent actor if confirmed as chairman of the Federal Reserve,” Warsh said in answer to a question from Sen. John Kennedy, R-La.
