Kevin Warsh, President Trump’s nominee to lead the Federal Reserve, will appear before the Senate Banking Committee Tuesday morning for a confirmation hearing that will put a spotlight on his vision for reshaping the central bank at a pivotal moment for the economy.
The hearing, scheduled for 10 a.m., comes as inflation remains above the Fed’s two percent target and the war with Iran has complicated the economic outlook. High energy prices have raised consumer expectations for inflation and lowered consumer sentiment but have so far not weighed on consumer spending. The labor market remains resilient, with layoffs near historic lows and unemployment at just 4.3 percent, near the 4.2 percent Fed officials believe is consistent with non-inflationary growth at full-employment.
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