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Federal Reserve chair nominee Kevin Warsh testifies at Senate confirmation hearing
From youtube.com/cnbctelevision
The Senate Committee on Banking, Housing and Urban Affairs holds a nomination hearing for President Donald Trump's Federal Reserve chair pick Kevin Warsh on Tuesday. Warsh said in written testimony submitted in advance that the central bank must be largely independent of political influence but also should stay focused on its primary goals. In remarks to be delivered Tuesday to the Senate Banking Committee, Warsh also expressed firm commitment to fighting inflation with only one mention of the labor market. Trump announced in late January that Warsh would be his pick to succeed current Chair Jerome Powell.
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