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Live Updates  >  Live Update Details

2026-02-14 07:22:55

[US Treasury Secretary Bessant: Senate Banking Committee Agrees to Advance Confirmation Hearings for Warsh as Fed Chair] US Treasury Secretary Bessant said on Friday that despite reservations from a key senator, the Senate Banking Committee has agreed to advance confirmation hearings for President Trump's nomination of Warsh as Fed chair. Bessant stated, "I think holding hearings is crucial. Chairman Powell's term expires in mid-May, and anyone concerned about the integrity and independence of the Fed wants to see Kevin Warsh ensure continuity."

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