
Federal Reserve nominee Kevin Warsh mocked Democratic Massachusetts Sen. Elizabeth Warrenâs question during his Tuesday confirmation hearing.
President Donald Trump nominated Warsh to  to replace Federal Reserve chair Jerome Powell, whose term officially ends on May 15. During the Senate Banking Committeeâs confirmation hearing, Warren challenged Warsh to name one aspect of Trumpâs âagendaâ that he disagreed with, which prompted the nominee to troll the Senator right to her face with a sarcastic reply.
âName one aspect of President Trumpâs economic agenda with which you disagree ⌠Iâm asking for something you disagree with Donald Trump on,â Warren said. âJust one, just one little place where you disagree with Donald Trump.â
âWell, I do have a disagreement actually, Senator, with the president,â Warsh said. âI think even this morning, he said that he thought I was out of central casting. I think central casting, Iâd look older, grayer, maybe show up here with a cigar of sorts.â
âQuite adorable,â Warren replied. âBut, you know, we need a Fed chair who is independent. Thatâs the only way we preserve the independence of the Federal Reserve. If you canât answer these questions, you donât have the courage and you donât have the independence.â
WATCH:
Warsh highlighted the importance of the Federal Reserveâs independence during his hearing, adding that he will not be Trumpâs âhuman sock puppetâ and will refuse to take orders from the president on interest rates. Trump, who originally nominated Powell in 2017, has tried to pressure Powell into slashing interest rates during his second term.
The United States Attorneyâs Office for the District of Columbia opened a criminal probe into Powell in January over the skyrocketing cost of renovating the Federal Reserve headquarters, which exceeded previous estimates of $2.5 billion. Republican North Carolina Sen. Thom Tillis vowed to block Warshâs nomination until the Department of Justice (DOJ) dismisses the criminal inquiry into Powell.
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