Former Federal Reserve Chair Ben Bernanke famously said monetary policy is 98% talk and only 2% action. Kevin Warsh wants to shake up the mix.
Kevin Warsh, chairman of the US Federal Reserve nominee for US President Donald Trump, during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington, DC, US, on Tuesday, April 21, 2026. Warsh's testimony highlights the fine line he must walk during the hearing between President Donald Trump's demands for lower rates and reassuring investors that he will defend the Fed's autonomy in rate-setting. Photographer: Bloomberg/Bloomberg
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