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Senate Banking Committee Examine Small Business Capital Access
Senate Banking Committee hearing on Aug 6 explores unlocking capital access for Main Street businesses. Learn how new regulations could impact small...
Kevin Warsh moves one step closer to becoming next Fed chair
Kevin Warsh moves closer to replacing Jerome Powell as Fed chair after the Senate Banking Committee voted to advance his nomination to the full Senate.
Trump wants to turn Fed into another 'political animal': Sen. Warren
The Senate Banking Committee will vote on Wednesday, April 29, over whether to confirm Kevin Warsh's nomination as the next chair of the Federal Reserve. This comes on the same day as Jerome Powell's last FOMC meeting as the head of the US central bank. Senator Elizabeth Warren (D-Ma.) — the ranking member of the Senate Banking Committee — speaks with Yahoo Finance Senior Fed Reporter Jennifer Schonberger about her questioning of Warsh, the likelihood that Powell will stay on the Fed's Board of Governors, and her perspective on President Trump's economic agenda.
Five Things Learned at Fed Nominee Warsh's Senate Hearing
April 21 (Reuters) - In testimony Tuesday at the Senate Banking Committee, Federal Reserve Chair nominee Kevin Warsh never said if he agrees with President Donald Trump's view that the Fed's policy rate is too high and should be cut. No lawmaker asked him that directly. But Warsh's two and a half ...
Warsh vows to keep monetary policy independent of politics
STORY: :: Fed chief nominee Warsh vows to keep monetary policy independent of politics:: Washington, D.C. / April 21, 2026:: Kevin Warsh, Federal Reserve chief nominee“Monetary policy independence is essential. Monetary policymakers must act in the nation's interest. Their decision is the product of rigor, deliberation and unclouded decision-making. And as Senator Warren said, I do not believe that independence of monetary policy is threatened when elected officials state their views on rates. Fed independence is up to the Fed." // :: Sen. Elizabeth Warren, Ranking Democrat on Senate Banking Committee“So, independence takes courage. Let's check out your independence and your courage. We'll start easy. Mr. Warsh, did Donald Trump lose the 2020 election?”WARSH: “Um, we try to keep politics, if I’m confirmed, out of the Federal Reserve.”WARREN: “I’m just asking you a factual question. I need to know. I need to measure your independence and your courage.”WARSH: “Senator, I believe that this body certified that election many years ago.”WARREN: “That’s not the question I’m asking. I’m asking did Donald Trump lose in 2020?”WARSH: “And I’m suggesting to you in 2020…”WARREN: “I’m suggesting you can’t answer that.”WARSH: “… the Fed had a huge inflation problem, and you certified the election…[crosstalk]… let’s keep the politics out of monetary policy.” //WARREN: "Just one little place where you disagree with Donald Trump.”WARSH: “Well, I do have a disagreement actually, Senator, with the president. I think even this morning, he said that he thought I was out of central casting. I think central casting, I'd look older, grayer, maybe show up here with a cigar of sorts.”WARREN: “Quite adorable. But, you know, we need a Fed chair who is independent. That's the only way we preserve the independence of the Federal Reserve. If you can't answer these questions, you don't have the courage and you don't have the independence.”In a confirmation hearing before the Senate Banking Committee that quickly hinted at major changes to come at a Warsh-led Fed, the 56-year-old lawyer and financier blamed the central bank for an inflation surge in the wake of the COVID-19 pandemic that continues to hurt U.S. households.Warsh's hearing quickly turned contentious. Democratic Senator Elizabeth Warren pressed Warsh on his independence and "courage", saying President Donald Trump had made clear Warsh would be his "sock puppet".
Vault: The break from crypto politics is over
It’s been three months since the collapse of the Senate Banking Committee’s effort to advance a landmark crypto market structure bill. Now, with election season right around the corner, the panel is gearing up to try once more.
White House formally nominates Kevin Warsh to be next Federal Reserve chair
Warsh's nomination, which was initially announced Jan. 30, was forwarded to the Senate Wednesday, where it will be taken up by the Senate Banking Committee.
Federal Reserve Chair Powell under criminal investigation over HQ renovation, report
U.S. prosecutors investigate whether Fed Chair Jerome Powell allegedly mischaracterized renovation details during Senate Banking Committee appearances.