Rate cuts and power plays: Can Kevin Warsh serve the US economy under President Trump? | DW News
Tamara Ceaikovski
US president Donald Trump wants lower interest rates, but the current head of the Federal Reserve Jerome Powell has resisted. Now Powell's term is up and Trump has nominated Kevin Warsh to replace him, saying he will deliver rate cuts. Questions about the Fed's future independence dominated Warsh's confirmation hearing in the US Senate. 0:00 US President Trump does not agree with the decisions made by the current head of the Federal Reserve 0:30 Trump's pick to lead Fed rejects 'sock puppet'
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