Story perspectives

Senate votes Trump’s Warsh, vows tighter political Fed control

4/30/2026

Summary

Story summary

Warsh’s testimony promises a tighter link between the Federal Reserve (Fed) and elected officials, ending its traditional independence.
The Senate Banking Committee will vote Wednesday on President Donald Trump’s nominee Kevin Warsh for Fed Chair.
The vote follows the Justice Department’s closure of the probe into Fed Chair Jerome Powell’s handling of Fed headquarters renovations.
Warsh warned that the Fed’s complacent, status-quo approach could be dangerous for a fast-moving economy.

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Story summary

Warsh’s testimony promises a tighter link between the Federal Reserve (Fed) and elected officials, ending its traditional independence.
The Senate Banking Committee will vote Wednesday on President Donald Trump’s nominee Kevin Warsh for Fed Chair.
The vote follows the Justice Department’s closure of the probe into Fed Chair Jerome Powell’s handling of Fed headquarters renovations.
Warsh warned that the Fed’s complacent, status-quo approach could be dangerous for a fast-moving economy.