Kevin Warsh (R), nominee for US Federal Reserve Chair, speaks with committee chairman US Senator Tim Scott, Republican from South Carolina, at the end of a Senate Banking Committee hearing on Warsh's nomination on Capitol Hill in Washington, DC, on April 21, 2026. Warsh, President Donald Trump's choice to lead the US Federal Reserve, vowed Tuesday to protect central bank independence at his confirmation hearing, despite intense pressure from the president. (Photo by Mandel NGAN / AFP via Getty Images)