Trending Now - Warsh Pledges to Safeguard Fed Independence as Chair Nominee

WHO:

Bloomberg Markets - Kevin Warsh, Donald Trump’s nominee to be the next chair of the Federal Reserve.

CNN - Jerome Powell, current Fed Chair; Scott Bessent, Treasury Secretary; Christopher Waller, Fed Governor; Austan Goolsbee, Chicago Fed President.

WHAT:

CNN - Warsh's confirmation hearing will be a significant test of how he could reshape monetary policy amid global economic challenges.

CNN - Warsh stated, "The Fed’s bloated balance sheet, designed to support the biggest firms in a bygone crisis era, can be reduced significantly," in an opinion piece published in November 2025.

CNN - Warsh indicated that the Fed's balance sheet swelled to nearly $9 trillion by May 2022 before beginning to shrink.

CNN - Warsh mentioned that the Fed's current workforce is roughly 3,200, and he hinted at potential layoffs if confirmed.

Yahoo Finance - Warsh will tell lawmakers, "I am equally committed to working with the Administration and Congress on non-monetary matters that are part of the Fed’s remit," during his confirmation hearing.

Yahoo Finance - Warsh will tell lawmakers at his confirmation hearing, "I am committed to ensuring that the conduct of monetary policy remains strictly independent," and he is "equally committed to working with the Administration and Congress on non-monetary matters that are part of the Fed’s remit."

CNN - Warsh stated that the Fed's balance sheet can be reduced significantly to support lower interest rates for households and small businesses.

CNN - Warsh mentioned that there is “plenty of deadwood” at the central bank, hinting at potential layoffs.

CNN - Warsh stated that the Fed is due for "regime change" and emphasized the need to change the mindset and models of the institution.

CNN - Warsh has criticized the Federal Reserve for doing too much and suggested it may need to do the opposite.

CNN - Warsh's hawkish stance may stem from pressure he will face from the White House to deliver rate cuts.

CNN - Warsh believes that continuing to shrink the Fed’s balance sheet is key to lowering borrowing costs.

CNN - Warsh stated that the Fed’s balance sheet can be reduced significantly to support lower interest rates for households and small businesses.

CNN - Warsh described the Fed's responsibility for all inflation, even if driven by external forces, as "shockingly hawkish."

CNN - Warsh mentioned that there is “plenty of deadwood” at the central bank, hinting at potential layoffs.

CNN - Warsh stated that the Fed is due for "regime change" and emphasized the need to change the mindset and models of the institution, stating, "It’s about changing their mindset and their models, and frankly it’s about breaking some heads because the way they’ve been doing business is not working."

CNN - Warsh could coordinate with the Treasury Department on the Fed’s asset purchases, potentially forming a new Treasury-Fed Accord.

CNN - Warsh's past comments suggest he wants a leaner, more disciplined Fed, emphasizing restraint over communication and broader powers assumed after the 2008 financial crisis.

CNN - Warsh stated that the Fed's balance sheet can be reduced significantly to support lower interest rates for households and small businesses, as mentioned in an opinion piece published in November 2025.

CNN - Warsh indicated that the Fed's balance sheet, which reached $6.7 trillion, is a key factor in determining interest rates.

CNN - Warsh has not publicly commented on Fed policy since his nomination was announced, leaving his current stance unclear.

CNN - Warsh described the Fed's responsibility for all inflation, even if driven by external forces, as "shockingly hawkish."

Bloomberg Markets - Warsh's prepared remarks for the confirmation hearing will focus mainly on the Fed's monetary independence.

Bloomberg Markets - Warsh vowed to protect the US central bank’s independence if confirmed.

CNN - Warsh has criticized the Federal Reserve for doing too much and suggested it may need to do the opposite.

CNN - The Fed’s balance sheet swelled to nearly $9 trillion by May 2022 before beginning to shrink.

CNN - Warsh stated that the Fed’s balance sheet can be reduced significantly to support lower interest rates for households and small businesses.

CNN - Warsh mentioned that there is “plenty of deadwood” at the central bank, hinting at potential layoffs.

CNN - Warsh's confirmation hearing will take place on Tuesday, April 21st, 2026, and will be a significant test of how he could reshape monetary policy amid global economic challenges.

CNN - Warsh stated, "The Fed’s bloated balance sheet, designed to support the biggest firms in a bygone crisis era, can be reduced significantly," in an opinion piece published in November 2025.

CNN - Warsh indicated that the Fed's balance sheet swelled to nearly $9 trillion by May 2022 before beginning to shrink.

CNN - Warsh mentioned that the Fed's current workforce is roughly 3,200, and he hinted at potential layoffs if confirmed.

CNN - Warsh stated that the Fed's balance sheet, which reached $6.7 trillion, is a key factor in determining interest rates.

CNN - Warsh indicated that the Fed's balance sheet can be reduced significantly to support lower interest rates for households and small businesses.

CNN - Warsh mentioned that there is “plenty of deadwood” at the central bank, hinting at potential layoffs.

CNN - Warsh stated that the Fed is due for "regime change" and emphasized the need to change the mindset and models of the institution.

CNN - Warsh has criticized the Federal Reserve for doing too much and suggested it may need to do the opposite.

CNN - Warsh's hawkish stance may stem from pressure he will face from the White House to deliver rate cuts.

CNN - Warsh believes that continuing to shrink the Fed’s balance sheet is key to lowering borrowing costs.

CNN - Warsh stated that the Fed’s balance sheet can be reduced significantly to support lower interest rates for households and small businesses.

CNN - Warsh mentioned that there is “plenty of deadwood” at the central bank, hinting at potential layoffs.

CNN - Warsh stated that the Fed's balance sheet can be reduced significantly to support lower interest rates for households and small and medium-size businesses, as mentioned in an opinion piece published in November 2025.