Source: Reuters
“Federal Reserve chief nominee Kevin Warsh called for ‘regime change’ at the U.S. central bank, including a new approach for controlling inflation and a communications overhaul that may discourage his colleagues from saying too much about the direction of monetary policy. Warsh’s comments during his confirmation hearing before the Senate Banking Committee left key questions about his nomination unresolved, with Republican Senator Thom Tillis using his full time to explain why he would not vote for the 56-year-old lawyer and financier until the Trump administration dropped a criminal probe of current Fed Chair Jerome Powell — a stance that could leave Powell as head of the central bank indefinitely.” (04/21/26)