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Kevin Warsh, nominated by President Donald Trump to succeed Jerome Powell as Federal Reserve chair, is scheduled to testify before the Senate Banking Committee on Tuesday following the leak of his prepared remarks emphasizing policy independence. Multiple outlets confirm the nomination and hearing details, though claims of White House pressure on Powell and a criminal probe into the Fed remain unverified. Warsh's statements assert that operational independence is not particularly threatened and must be earned by avoiding non-monetary distractions.
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[New York Times] Trump’s Fed Pick to Defend Central Bank’s Ability to Set Rates Independently[Washington Examiner] Kevin Warsh pledges to uphold Fed independence in prepared testimony [Bloomberg] Warsh Vows to Protect Fed’s Independence If Confirmed as Chair - Bloomberg[CNBC] Chair nominee Kevin Warsh says Fed must ‘stay in its lane’ to maintain independence[Politico] Fed chair nominee Warsh set to commit to be ‘strictly independent’ on rates[Newsmax] Fed Nominee Warsh Prepares for Monetary Policy Road Test Before Senate Panel[WSJ] Kevin Warsh Pitched a Case for Fed Rate Cuts. His Future Colleagues Are Skeptical.[Just The News] Fed nominee Warsh to back independence on interest rates