Trump’s Federal Reserve chair pick to face lawmakers at key confirmation hearing – US politics live

The hearing marks a key hurdle Kevin Warsh must overcome in order to succeed Jerome Powell when his term ends on 15 May Hello and welcome to the US politics live blog. President Donald Trump’s choice to lead the Federal Reserve will commit to protecting central bank independence on interest rates at a crucial confirmation hearing later today. Lori Chavez-DeRemer, Donald Trump’s labor secretary, resigned from her role with the administration. She said it was “an honor and a privilege to serve” to
Kevin Warsh, Trump’s nominee to chair the Federal Reserve, avoided questions about his $100m financial assets as he faces grilling from Senate Democrats
Fed chair pick vows to maintain independence – but won’t say Trump lost 2020 election
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Donald Trump said that he does not want to extend the two-week ceasefire with Iran, in an interview with CNBC. “I dont’ want to do that. We don’t have that much time,” the president said. The pause is set to expire tomorrow, and vice-president JD Vance will lead last-ditch talks in Islamabad today, in the hopes of striking a deal with Tehran.
However, speaking to Joe Kernen, Trump said that he plans to resume strikes if negotiations collapse. “I expect to be bombing because I think that’s a better attitude to go in with,” the president added. “But we’re ready to go. I mean, the military is raring to go.”
Coverage from 10 sources
- Trump’s Federal Reserve chair pick to face lawmakers at key confirmation hearing – US politics liveGuardian - World · Shrai Popat (now) and Tom Ambrose (earlier) · Apr 21, 2026, 12:54 PM
- Trump says he would be ‘disappointed’ if Fed chair nominee Kevin Warsh did not cut interest rates – US politics liveGuardian - World · Shrai Popat (now) and Tom Ambrose (earlier) · Apr 21, 2026, 1:45 PM
- Trump says he ‘would be’ disappointed if Fed chair nominee Kevin Warsh did not cut interest rates – US politics liveGuardian - World · Shrai Popat (now) and Tom Ambrose (earlier) · Apr 21, 2026, 2:14 PM
- Fed chair nominee Kevin Warsh faces Congress after Trump signals he is expecting him to cut rates – US politics live
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