Key Points
- Fed chair nominee Kevin Warsh travels to Capitol Hill on Tuesday to convince lawmakers he can carry out a presidential push for lower interest rates while remaining free of political constraints.
- Political independence has been a key question surrounding the search for a successor to current Chair Jerome Powell.
- In remarks he’s scheduled to deliver to the committee at the hearing’s start, Warsh issued a qualified endorsement of Fed independence.
- The former Fed governor will face questioning over a variety of subjects, from monetary policy to banking regulation to his own complicated personal finances.
