Trump's Fed chair nominee Kevin Warsh to testify before Congress amid Powell probe
Quick Insights
The Bottom Line
President Trump's Fed chair nominee, Kevin Warsh, will testify before Congress amidst a probe into Jerome Powell.
How This Affects You
Uncertainty in Federal Reserve leadership could impact economic stability, potentially affecting your investments and financial planning.
AI Summary
Kevin Warsh, President Trump's Fed chair nominee, is slated to testify before Congress. This testimony comes amidst an ongoing investigation into Federal Reserve Chair Jerome Powell. The probe into Powell's conduct threatens to derail or delay Warsh's nomination to lead the central bank. This situation could complicate the White House's efforts to install its preferred candidate at the head of the Federal Reserve.
What's Being Done
Kevin Warsh is slated to testify before Congress.
Source Coverage Map
11 of 43 tracked sources covered this story
Following this story?
Get notified when new coverage appears
Other Sources Covering This Story
5 sourcesMultiple outlets have reported on this story. Compare perspectives from different sources.
Kevin Warsh, Trump’s Fed Chair Pick, Faces Skepticism Over Claim of Independence
This article is part of a story we're tracking:
Economy & Markets
Monitoring the US and global economy including inflation, employment, Federal Reserve policy, trade tensions, market volatility, housing affordability, and the financial pressures facing American households.
Government Spending & Oversight
Tracking how taxpayer dollars are spent, where oversight gaps exist, and what watchdogs are uncovering. From federal budget battles and earmark controversies to inspector general reports and GAO audits, this deep dive follows the money trail through every level of government. We examine defense spending, entitlement programs, infrastructure investments, and the growing national debt — focusing on accountability, waste, and the policies that shape how America allocates its resources.
Should this be getting more attention?
You Might Have Missed
Related stories from different sources and perspectives
Key moments at Kevin Warsh's confirmation hearing for Fed chair
Kevin Warsh, President Trump's nominee to replace outgoing Federal Reserve Chair Jerome Powell, faced tense questioning from senators at his confirmation hearing on Tuesday. Here are some of the most notable exchanges.
Fed nominee Warsh questioned on independence from Trump and personal wealth
President Trump's pick to lead the Federal Reserve, Kevin Warsh, was on Capitol Hill facing a slew of lawmaker questions on his monetary policy and independence from Trump. But the president's pressure campaign against Jerome Powell threatens to freeze Warsh's nomination. Amna Nawaz discussed more with David Wessel of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution.
FinanceWhat to look for in Kevin Warsh's big day on Capitol Hill
<p>At Kevin Warsh's <a href="https://www.axios.com/2026/04/14/kevin-warsh-senate-fed" target="_blank">Fed confirmation hearing</a> today, Republicans will cast him as a change agent ready to shake up<strong> </strong>a tradition-bound institution.</p><p><strong>Driving the news: </strong>In remarks introducing Warsh <a href="https://www.documentcloud.org/documents/28062113-kevin-warsh-introduction-by-senator-dave-mccormick-04212026/" target="_blank">obtained by Axios</a>, Sen. Dave McCormick (R-Pa.) will say the onetime Fed governor "brings a reformer's heart" and "will shake up a stagnant institution at a time when change is sorely needed."</p><hr><ul><li>It echoes some of Warsh's own criticisms of the Fed, saying that the central bank "must not be ruled by pointy-headed economists poring over outdated models and reams of market data."</li><li>Democrats on the Senate Banking Committee plan to focus on potential conflicts of interest stemming from Warsh's expansive portfolio, which ...
PoliticsSenate Democrats move to stall Trump’s ‘absurd’ bid to install new Fed chair
<p>Democratic lawmakers urged Republican leaders to postpone the confirmation hearing of Kevin Warsh</p><ul><li><p><a href="https://www.theguardian.com/news/2026/feb/17/sign-up-for-the-breaking-news-us-email-to-get-newsletter-alerts-direct-to-your-inbox?utm_medium=ACQUISITIONS_STANDFIRST&utm_campaign=BN22326&utm_content=signup&utm_term=standfirst&utm_source=GUARDIAN_WEB">Sign up for the Breaking News US email to get newsletter alerts in your inbox</a></p></li></ul><p><a href="https://www.theguardian.com/us-news/democrats">Democrats</a> have moved to stall <a href="https://www.theguardian.com/us-news/donaldtrump">Donald Trump</a>’s effort to exert greater control over the US <a href="https://www.theguardian.com/business/federal-reserve">Federal Reserve</a>, condemning the president’s “absurd” bid to install a new leader of the central bank while it is targeted with criminal investigations.</p><p>Democratic lawmakers on the Senate banking committee urged its Republican...
PoliticsFederal prosecutors turned away from Federal Reserve building, as Trump threatens to fire Powell - AP News
<a href="https://news.google.com/rss/articles/CBMimwFBVV95cUxPajJkMmlia01jTkU5RFh3UExoX2hiR1VWbnhCNktsMlhIVG1GZkVZVHZFNDBtOFJkUl9qNUpIYUd5M1hIOUVUUzZqX19WMWtHbWk5UExocEoya20zdlk4OTRuUFFBTkp4bzhNcThDZlJJME9oa3pjU2x3VVRncEdNZldiWGx3WDNCVjFFR3dqN19DSGdMTzdwUkJkcw?oc=5" target="_blank">Trump threatens to fire Powell if the Fed Chair decides to stay on after his term ends next month</a> <font color="#6f6f6f">AP News</font>
FinanceFrance freezes some spending to offset €6 billion fallout from Iran war
France says the economic fallout from the Iran war has cost France at least 6 billion euros, as the government has rolled out support measures for businesses and households, increased defence spending and faced surging borrowing costs. To offset this while meeting its budget deficit target, officials say a freeze in some spending is necessary. Plus, Kevin Warsh, President Trump's pick for the next chairman of the Federal Reserve, faced a grilling in the US Senate in a confirmation hearing.
Trump labor secretary Lori Chavez-DeRemer resigns amid misconduct investigation - The Guardian
Did this story change how you see things?
Stories like this only matter when people see them. Help us get verified journalism in front of more eyes.
The Verity Ledger curates verified investigative journalism from trusted sources only.
See our sourcesMost Read This Week
Report: Merck’s blockbuster cancer drug topped $200,000 a year under Trump
4/14: The Takeout with Major Garrett
Trump’s Memphis Crime Task Force Arrested Over 800 Immigrants, Records Show. Only 2% of the Arrests Were for Violent Crimes.
Bipartisan duo that pushed Swalwell, Gonzales to resign says other lawmakers may be next
White House ramps up pressure to pass crypto bill as Congress returns
