Warsh faces pressure on Fed independence, assets in Senate grilling

Senators grilled Kevin Warsh, President Trump’s pick to lead the Federal Reserve, on Tuesday over the central bank’s independence and his plans to divest his financial assets amid the push to confirm Fed Chair Jerome Powell’s replacement. Warsh ar...

Senators grilled Kevin Warsh, President Trump’s pick to lead the Federal Reserve, on Tuesday over the central bank’s independence and his plans to divest his financial assets amid the push to confirm Fed Chair Jerome Powell’s replacement. Warsh argued that “independence is up to the Fed” and defended his ethics agreement with the administration during...