Kevin Warsh's Fed 'Regime-Change' Plan Faces Senate Scrutiny
Kevin Warsh, nominated by President Trump to lead the Federal Reserve, has outlined a plan for significant changes at the Fed, including redefining inflation and altering operational practices. During his Senate confirmation hearing, Warsh faced tough questions about his relationship with President Trump and his views on artificial intelligence's impact on the economy. Despite challenges, Warsh's plan for a 'regime change' at the Fed remains largely intact. He aims to lower interest rates and shift the Fed's approach, which could spark dissent among Fed policymakers. Warsh's nomination comes amid President Trump's demands for lower interest rates and ongoing investigations into current Fed Chair Jerome Powell.