Kevin Warsh Faces Critical Senate Test as Trump’s Pick for Federal Reserve Chair

Tue, 21 Apr 2026 17:55:00 +0200

Kevin Warsh, President Donald Trump’s nominee for the chairmanship of the Federal Reserve, is facing intense scrutiny as he undergoes a confirmation hearing before the Senate Banking Committee. Warsh, a former Fed governor, is widely regarded as an inflation hawk. However, his recent shift in stance, advocating for lower interest rates, aligns with Trump’s preference for reduced borrowing costs. This has raised questions about Warsh’s independence and his ability to balance political pressures with the Fed’s mission. Warsh is also facing scrutiny over his wealth and business ties, including his multimillion-dollar fortune and connections to Jeffrey Epstein, prompting concerns about potential conflicts of interest. Some senators, particularly Democrat Elizabeth Warren, have demanded more transparency regarding his finances. Additionally, the confirmation process has been complicated by an ongoing investigation into Fed Chair Jerome Powell, which Republican Senator Thom Tillis has said m