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US Fed chair nominee Warsh tells senators he will keep Fed independent from Trump

By Neil Roland ( April 21, 2026, 20:48 GMT | Insight) -- US Federal Reserve chair-nominee Kevin Warsh pledged to opt for interest rates based on his own judgment, independent of President Trump’s wishes, denying a published report that he privately told the president he would try to lower rates. At his Senate confirmation hearing today, Warsh also sidestepped questions from skeptical Democrats about whether he would stand up to the president — as Chair Jerome Powell Powell had done — on his investigations of Powell and Fed Governor Lisa Cook.US Federal Reserve chair-nominee Kevin Warsh pledged to opt for interest rates based on his own judgment, independent of President Trump’s wishes, denying a published report that he privately told the president he would try to lower rates....

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