News Summary

• Kevin Warsh will appear before the Senate Banking Committee in his first real test as a would-be central bank chairman.
• Warsh, with the backing of President Trump, seeks to return to the U.S. Federal Reserve where he formerly served as a governor.
• The New Yorker may ruffle feathers by thanking the president for his support (though one could argue not to do so would be a snub) Warsh goes on to outline his commitment to independent monetary policy, saying it is “essential” in order for the central bank to work in the best interests of the nation as a whole.