Warsh confronts high-stakes Senate confirmation hearing to lead world’s most powerful central bank

TL;DR

U.S.-Iran ceasefire deadline; Warsh confirmation hearings - what’s moving markets Kevin Warsh, President Donald Trump's pick to lead the Federal Reserve for the next four years, heads into a high-stakes confirmation hearing Tuesday with lawmakers on Capitol Hill set to scrutinize his views on inflation, independence and the Fed’s role. The hearing comes as the Federal Reserve faces mounting political, legal and economic pressure, making it a key test of how the next chair could reshape the central bank’s independence at a critical moment for the U.S. economy.