April 22, 2026 9:33 AM
Fed nominee Kevin Warsh says he made no rate-cut promises to Trump, plans ‘robust’ reforms
Federal Reserve chief nominee Kevin Warsh said on Tuesday he had made no promises to President Donald Trump about cutting interest rates, as he tried to assure U.S. senators mulling his confirmation to lead the U.S. central bank that he would act independently of the White House while pursuing broad reforms. In a hearing that ranged from Warsh's calls for "regime change" at the Fed to contentious exchanges over his personal finances, the 56-year-old lawyer and financier said that in his convers...