Warsh's path to top Fed job entangled ahead of Senate confirmation hearing


FILE PHOTO: U.S. Federal Reserve Governor Kevin Warsh speaks during a monetary policy conference at Stanford University's Hoover Institution in Palo Alto, California, U.S. May 9, 2025. REUTERS/Ann Saphir/File Photo

WASHINGTON, April 21 (Reuters) - Former Federal Reserve Governor Kevin Warsh on Tuesday ⁠takes the next step to becoming the head of the U.S. central bank with a hearing before the Senate Banking Committee, his confirmation ultimately likely but still embroiled in a dispute over a Trump ⁠administration criminal probe of Fed Chair Jerome Powell.

The hearing is scheduled to begin at 10 a.m. EDT (1400 GMT) with Warsh, nominated by President Donald Trump to take over for Powell, delivering an ‌opening statement followed by questions from committee members who will decide whether to recommend that the full Senate confirm the 56-year-old financier for a seat on the Fed's seven-member Board of Governors and a four-year term as head of the central bank.

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