24 resultsfor “Warsh independence as Fed chair”
chair." ### Warsh vows to maintain Fed's independence Warsh has argued that there's room
Fed chair to be 'totally independent' Donald Trump urged the incoming Federal Reserve Chairman Kevin Warsh
Warsh told the Senate that he will be an “independent actor” as Fed chair, but resisting
independence in his confirmation hearing in front of the banking committee. “Kevin Warsh, who has become Fed chair
Warsh's nomination as Fed chair while the investigation continued, calling it "a serious threat" to the central bank's "independence
Warsh will also likely face questions about inflation and borrowing costs and whether he can maintain his independence as Trump makes it clear he expects his next Fed chair
independently confirmed the visit. That could backfire on the president, delaying the confirmation of [Kevin Warsh](https://www.npr.org/2026/01/30/nx-s1-5645091/trump-kevin-warsh-federal-reserve-chair#:~:text=Warsh%20could%20join%20a%20divided,by%20the%20U.S.%20Supreme%20Court.) to serve as the next Fed chair
Fed official whom US President Donald Trump, a Republican, nominated in January to replace Powell. Powell’s term as chair ends May 15. Senator Thom Tillis, a North Carolina Republican, had said he would oppose
independent,” Kevin Warsh is to say in an opening statement to the Senate Banking Committee. He is also expected to express commitment to fighting inflation, according to remarks seen by the AFP news agency
Chair Jerome Powell’s term, which ends on Friday. ## Independence in question Warsh’s confirmation comes with questions about the central bank’s independence amid ongoing pressure by Trump to cut interest rates
chair [Jerome Powell](https://www.theguardian.com/business/jerome-powell) ends. He is taking over leadership of the Fed at a time when the central bank [faces](https://www.theguardian.com/business/2025/dec/31/federal-reserve-trump) [immense](https://www.theguardian.com/business/2026/jan/28/federal-reserve-holds-rates-powell-trump) [pressure](https://www.theguardian.com/business/2026/apr/15/donald-trump-cut-interest-rates-janet-yellen-us-inflation) from
chair, next week, on 21 April.** Both [Republicans](https://www.theguardian.com/us-news/republicans) and Democrats on the Senate Banking Committee are expected to probe Warsh about his wealth and ties to convicted sex offender Jeffrey Epstein
independence, Powell said in a speech on Sunday night that the institution was in the midst of a “stress test”. Powell, who was accepting the 2026 John F Kennedy Profile in Courage award in Boston
chair. Hours after his successor Kevin Warsh won the backing of a key Senate committee to take up the role next month, Powell announced the Fed's rate would stay between
independence is that he just did the job as you are supposed to do it,” said Austan Goolsbee, president of the [Federal Reserve](https://www.theguardian.com/business/federal-reserve) Bank of Chicago. “Nobody knew how the Fed would
independence of the central bank has somewhat quietened as a result, and, on the DOJ’s word, Senator Thom Tillis has dropped his hold on the Warsh nomination. As Republicans hold the Senate majority, there
Warsh’s confirmation until the federal criminal probe into Powell has ended. If a nominee fails to be confirmed, Powell would stay on as the chair until one is confirmed. In the Fox Business interview
Warsh can’t deliver](https://www.theguardian.com/business/2026/apr/22/trump-fed-chair-kevin-warsh-interest-rate-cut) cuts without the support of his fellow board members. Questions remain over whether Powell will stay on the Fed board after his term ends on 15 May. Powell
Fed chair Kevin Warsh has been sworn in as the new chair of the United States Federal Reserve Board of Governors, succeeding [Jerome Powell](/economy/2026/5/14/jerome-powell-steering-the-us-fed-through-covid-19-and-political-pressures), who has held the position since 2018. Warsh took
Fed chair nominee faces tough hearing *Good morning. You're reading the Up First newsletter.*[Subscribe](https://www.npr.org/newsletter/news)*here to get it delivered to your inbox, and*[listen](https://www.npr.org/podcasts/510318/up-first/)*to the Up First podcast