Warsh's Fed Nomination Hearing Looms Amid Inflation Concerns

0:00On March 30th, the Senate Banking Committee is gearing up for a hearing on Kevin Worsh's nomination to chair the Federal Reserve, possibly as early as, the week of April 13th, according to Punch Bowl new sources. Political pushback in the Senate has stalled things, keeping current Fed Chair Jerome Powell in his seat while President Donald Trump hunts for. Someone ready to slash interest rates quicker. This leadership limbo hits hard against rising inflation, sparked by spiking oil prices after U.S. backstrikes on Iran and a heating Middle East. Conflict messing with shipping lanes. Traders are betting against any rate cuts this year. Figuring those energy price jumps will pump up costs across the board and box in any policy. Easing All eyes stayed locked on the Senate as markets brace for whatever comes next from this Fed's shake-up. Powered by AI, this is U.S. News Today.