Key moments at Kevin Warsh’s confirmation hearing for Fed chair
Kevin Warsh, President Trump’s nominee to replace outgoing Federal Reserve Chair Jerome Powell, faced tense questioning from senators at his confirmation hearing on Tuesday. Here are some of the most notable exchanges.
#news #politics #federalreserve
0:00 Sen. Tim Scott (R-SC) opening statement
6:59 Sen. Elizabeth Warren (D-MA) opening statement
12:56 Sen. Dave McCormick (R-PA) introduces Warsh
18:42 Warsh opening statement
25:57 Warsh criticizes Fed for “fatal policy error” in dealing with inflation
30:56 Warren grills Warsh about his financial assets, independence from Trump
36:34 Sen. Jack Reed (D-RI) asks Warsh whether he would cave to Trump’s demands to lower interest rates
42:19 Sen. Thom Tillis (R-NC) blasts DOJ’s “bogus investigation” into Fed Chair Powell
48:03 Sen. Chris Van Hollen (D-MD) questions Warsh on his shifting stance on interest rates
53:59 Sen. John Kennedy (R-LA) asks Warsh if he’s going to be Trump’s “human sock puppet”
59:31 Warsh tells Sen. Tina Smith (D-MN) “broad contours” of U.S. economy “are improving”
1:04:54 Sen. Ruben Gallego (D-AZ) presses Warsh about whether Trump asked him to cut interest rates
1:09:33 Warsh sidesteps question from Sen. Angela Alsobrooks (D-MD) about Trump’s attempt to fire Lisa Cook
1:14:48 CBS News congressional reporter Taurean Small’s takeaways
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