Kevin Warsh, Trump’s Fed Pick, Has Tough Task Shedding ‘Sock Puppet’ Label
Kevin M. Warsh, at his confirmation hearing to lead the Federal Reserve, sought to dispel concerns that he would cut interest rates to please President Trump.
During a Senate confirmation hearing, Sen. Elizabeth Warren, D-Mass., claimed Kevin Warsh could be President Trump's "sock puppet" if he is confirmed as the next chairman of the Federal Reserve. The senator also questioned the nominee about his "independence" from the administration.
Kevin M. Warsh, at his confirmation hearing to lead the Federal Reserve, sought to dispel concerns that he would cut interest rates to please President Trump.
He denied making a deal with Donald Trump on interest rates and backed "policy regime change" at the central bank.
Sen. Elizabeth Warren calls Fed nominee Kevin Warsh a sock puppet for Trump during a heated Senate confirmation hearing on Capitol Hill this week.
Sen. Elizabeth Warren (D-MA) tore into President Donald Trump's nominee for Federal Reserve chairman Kevin Warsh during a confirmation hearing at the Senate Banking Committee on Tuesday. The ranking member criticized Trump, calling out his attacks on the independence of the Federal Reserve and its officials. Warren argued that the economy has suffered…
"Absolutely not," Federal Reserve Chair Nominee Kevin Warsh says while responding to a question from Senator John Kennedy of Louisiana about whether he would be a “sock puppet” for President Donald Trump during testimony before the Senate Banking Committee. Warsh also says President Trump has not asked him to commit to any rate decision. (Source: Bloomberg)
Kevin Warsh’s confirmation hearing Tuesday should remove any doubt he’s the right man to head the Federal Reserve Board.