Trump’s Fed pick faces Senate hearing

(CNN)– Kevin Warsh’s confirmation hearing before the Senate Banking Committee is Tuesday, April 21, 2026.

He’s President Trump’s nominee to succeed Federal Reserve Chair Jerome Powell.

During the hearing, Warsh’s plans to reshape monetary policy and reduce the Fed’s $6.7 trillion portfolio could come to light.

His past comments suggest he wants a leaner, more disciplined Fed.

Warsh might face a tough nomination process.

Senator Thom Tillis of North Carolina, a senior republican on the committee wants the justice department to stop investigating Powell before he backs Warsh’s nomination.

Jerome Powell’s term as fed chair ends May 15.