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CryptoSat

🇺🇸 Fed Chair nominee Kevin Warsh says he will not be President Trump's "puppet."



#USIranTalksProgress
CryptoSat
Next Federal Reserve Chair may be announce today.
Kevin Warsh, Trump's pick to replace Jerome Powell, is testifying in the Senate right now.
Powell’s term ends in just 24 days
Key points :
- Trump wants lower interest rates and has repeatedly attacked Powell
- Senate is demanding proof Warsh will act independently
- Sen. Thom Tillis is blocking confirmation unless DOJ drops its investigation into Powell
Warsh is caught in the middle — trying to satisfy Trump, convince skeptical senators, and avoid looking political.
If not confirmed by May 15, Powell stays on temporarily.
Today’s hearing could shape interest rates, liquidity, and risk across every asset class
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MinersUnderTheNeonBridge
· 5h ago
Honestly, independence is maintained through a combination of systems and personnel. Whether they dare to cut or lower interest rates against the wind at critical moments is what truly reveals their resolve.
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LiquidityLullaby
· 5h ago
This kind of statement is basically giving the market a heads-up in advance; it only counts if independence can truly withstand the test.
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WatchingWhalesUnderTheNeon
· 5h ago
Warsh's statement is pretty tough, but you know Trump's style: if you don't listen, replace them and see how long they last.
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GaslightGuardian
· 5h ago
For the Federal Reserve, what they fear most is not the word "puppet," but that policies are driven by political rhythms.
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GaslightGardener
· 5h ago
You say you're not a puppet, but the key is how you vote.
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OutsiderOfZhiyuandao
· 5h ago
Nominally independent, but in reality, still having to tug with the White House, especially with such high pressure from interest rates and inflation.
View OriginalReply0

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