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Senate Hearing on Warsh Nomination Amid Rising Inflation

3/30/2026

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Summary

Story summary

The Senate Banking Committee plans a hearing on U.S. President Donald Trump's nomination of Kevin Warsh to chair the Federal Reserve the week of April 13, per Punchbowl News.
Warsh's nomination faces political resistance, leaving Jerome Powell as Federal Reserve chair.
Inflation rises as oil prices surge from U.S.-backed airstrikes on Iran and the Middle East conflict.
Traders expect no rate cuts this year as energy costs push inflation higher.

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Story summary

The Senate Banking Committee plans a hearing on U.S. President Donald Trump's nomination of Kevin Warsh to chair the Federal Reserve the week of April 13, per Punchbowl News.
Warsh's nomination faces political resistance, leaving Jerome Powell as Federal Reserve chair.
Inflation rises as oil prices surge from U.S.-backed airstrikes on Iran and the Middle East conflict.
Traders expect no rate cuts this year as energy costs push inflation higher.