President Trump’s Pick To Replace Fed Chair Jerome Powell Heads To Confirmation Hearing

The days of Jerome Powell’s reign as the chair of the Federal Reserve are coming to a close.

On Tuesday, Kevin Warsh, who was appointed by President Trump to replace Powell, will face Senators in a preliminary confirmation hearing.

Warsh, who is expected to be a major improvement over Jerome Powell, will need to secure a majority of senators’ votes in Tuesday’s hearing to advance to the next stage of his confirmation, where the entire Senate will cast its votes.

CBS News reported more on Warsh’s upcoming hearing and whether he is expected to get enough votes:

Kevin Warsh, President Trump’s nominee to replace Jerome Powell as chair of the Federal Reserve, is set to face questions regarding his views on inflation, interest rates and other economic issues at a Senate Banking Committee hearing on Tuesday.

A majority on the 24-member panel must vote in favor of Warsh’s nomination to advance it to the full Senate for a vote, with approval in the chamber also requiring a simple majority.

Warsh is widely expected to be confirmed to succeed Powell, whose term expires on May 15. One potential roadblock is Sen. Thom Tillis, a Republican from North Carolina who previously said he wouldn’t approve the nomination until the Department of Justice concludes an investigation into Powell.

In an interview with CNBC on Monday, National Economic Council Director Kevin Hassett expressed support for Warsh and said he expects the former Fed board governor to be confirmed.

David Wessel, director of the Brookings Institution’s Hutchins Center on Fiscal and Monetary Policy, told CBS News in an email that he expects Warsh to highlight his commitment to keeping prices stable while avoiding any explicit promises to adjust interest rates.

Currently, the confirmation has already kicked off, and Democrats have wasted no time in giving Warsh a rough time.

Take a look:

Sen. Warren on Fed Chair nominee Kevin Warsh: "Evidently, he learned his lesson. This time around he sucked up to Donald Trump to snag his dream job…the Senate should not be aiding and abetting Donald Trump's illegal takeover of the Fed by installing his chosen sock puppet. " pic.twitter.com/5OY1dU6uCc

— Breaking911 (@Breaking911) April 21, 2026

CNBC reported Sen. Elizabeth Warren would later ask Warsh if the 2020 election was rigged:

Warsh declined to say Trump lost the 2020 election when Warren repeatedly asked him to confirm the results.

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Trump has for years falsely insisted that his loss to former President Joe Biden in 2020 was “rigged.”

“Independence takes courage,” Warren said. “Let’s check out your independence and your courage. We’ll start easy, Mr. Warsh, did Donald Trump lose the 2020 election?”

Warsh replied that he tries to “keep politics” separate from the Fed. Warren said she was just asking a factual question. Warsh said the election results had been “certified,” but did not say he believed that Trump had lost.

Warren began the line of questioning after noting that Trump has stated his expectation that “my guy” Warsh will quickly lower interest rates, as the president desires.

Here was Warsh’s opening statement:

Fed chair nominee Kevin Warsh: "I believe a reform-oriented Fed can make a real difference to the American people, and if confirmed, I will seek to create an environment in which the best people do their best work." pic.twitter.com/PMZnQjerHX

— Rapid Response 47 (@RapidResponse47) April 21, 2026

President Trump had a lot of nice things to say about Warsh:

Trump on Kevin Warsh: "I think Kevin’s great… I think he’s going to do a great job. I’ve been in favor of interest rates rate rises to stop inflation. I think it sort of is effective. But… we should have the lowest interest rate in the world." pic.twitter.com/DQ5iPS0ngv

— Breaking911 (@Breaking911) April 21, 2026

Any thoughts?