Kevin Warsh, President Donald Trump’s nominee to serve as the 17th chairman of the Federal Reserve, faced sharp questioning from senators on Tuesday at his confirmation hearing. Warsh asserted that he would not be the president’s “sock puppet” when determining interest rate decisions.

Warsh, a former Fed governor who served during the 2008 financial crisis, faced specific questions from Democrats about his independence from Trump and his undisclosed investments, while Republicans rallied to his defense and urged swift confirmation.

The hearing, which took place before the Senate Banking Committee, lasted over two hours and repeatedly returned to two themes details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com