WATCH LIVE: Kevin Warsh testifies in Senate Banking confirmation hearing for Fed chair
Jerome Powell indicated he will remain on the Fed board even after his term as chair ends, creating potential conflict for his successor.
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The 1 question that will dominate Kevin Warsh’s Fed nomination hearing9 articles·8 sources·Avg cred 81/100
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tl;dr
Kevin Warsh testifies before the Senate Banking Committee as his confirmation for Fed Chair faces hurdles, including conflict-of-interest concerns, a Republican block by Senator Thom Tillis, and Jerome Powell's refusal to vacate his seat on the board.
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