Warsh's Fed Nomination Hearing: Trump's Agenda vs. Independence

0:00It's April 20th. Welcome in. This is U.S. News Today, where America meets AI. I'm Cory with the story. Kevin Worsh, the nominee for Federal Reserve Chair, is heading into his confirmation here in tomorrow before the Senate Banking Committee stressing that the Fed's power to set interest rates stays independent but has to be earned through solid analysis and clear thinking. He made it plain in his prepared remarks that President Trump's push for lower rates doesn't mess with that independence. Saying central bankers should hear out views from politicians without buckling, while laser-focusing on keeping inflation low as the bank's core job. Republicans on the committee are digging in their heels, refusing to confirm Worsh until the Trump administration drops what they call a politically. Motivated probe into current chair Jerome Powell and the Fed, arguing it actually hurts the bank's freedom. Worsh, once a hard-line inflation fighter from his days as a Fed governor, has softened his stance lately, crediting tech-driven productivity for, allowing lower rates without price

1:03spikes, and he's pushed back on the Fed's massive $6,710 billion balance sheet. Expect tough questions at the hearing, chaired by Senator Tim Scott on how Worsh's shifting views line up with Trump's agenda and what real changes. He brings to fix what he calls a broken system.