Warsh Says He Will Not Be Trump's 'Sock Puppet'

Summary

Federal Reserve Chair nominee Kevin Warsh testifies before the Senate Banking Committee, asserting his independence from President Trump and denying any pre-commitment on interest rate decisions. He addresses ethics concerns regarding his personal assets and emphasizes the importance of credibility for the Fed. The testimony highlights his commitment to impartial monetary policy.

• Warsh denies being a 'sock puppet' for President Trump.
• He states Trump never asked him to commit to specific interest rate decisions.
• He emphasizes the credibility of the Fed chairman as crucial.
• He agrees to sell personal assets per ethics requirements.
• He acknowledges listening to political advice but insists on independent decisions.
• Senator John Kennedy leads the questioning on these issues.
• Warsh references past bank bailouts rhetorically.
• The testimony is part of Warsh's confirmation process for Fed Chair.