Donald Trump has picked Kevin Warsh to succeed Jerome Powell when his term at the helm ends in May, but his confirmation in the Senate faces challenges

Donald Trump has picked Kevin Warsh to succeed Jerome Powell when his term at the helm ends in May, but his confirmation in the Senate faces challenges

Kevin Warsh, US President Donald Trump's choice to lead the Federal Reserve, will vow to protect central bank independence on interest rates at a crucial confirmation hearing Tuesday, according to remarks seen by AFP.

"I am committed to ensuring that the conduct of monetary policy remains strictly independent," Warsh is to say in an opening statement to the Senate Banking Committee.

Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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