Fed pick faces skepticism over claim of independence from Trump.

Sen. Angela Alsobrooks (D-Md.) questions Kevin Warsh, President Donald Trump’s pick to lead the Federal Reserve, at his confirmation hearing before the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill in Washington, on Tuesday, April 21, 2026. (Kenny Holston/The New York Times) By COLBY SMITH Kevin Warsh, President Donald Trump’s pick to lead the Federal Reserve, asserted repeatedly at a combative confirmation hearing earlier this week that he would not cut interest rates...

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