Kevin Warsh Tells Senators He Will Protect Fed Independence and Cut the Balance Sheet

Warsh says balance sheet cuts will track data, not politics

In his Senate confirmation hearing, Kevin Warsh pledged to preserve the Federal Reserve’s independence and to set monetary policy strictly based on economic data. He also signaled support for balance sheet reductions, framing them as a policy path guided by conditions rather than political pressure—amid heightened scrutiny of the next Fed chair’s approach to rates and credibility.