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PBSApr 21, 2026National News

Fed nominee Warsh questioned on independence from Trump and personal wealth

Senator Tim Scott presided over the hearing and supported Warsh, citing his experience during the 2008 financial crisis.

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Fed nominee Warsh questioned on independence from Trump and personal wealth
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tl;dr

Federal Reserve Chair nominee Kevin Warsh faced a contentious Senate confirmation hearing focused on his independence from President Trump and his personal wealth, while a DOJ probe into incumbent Chair Jerome Powell threatens to stall the transition.

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Tim ScottR-South Carolina
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