Trump’s Federal Reserve chair pick to face lawmakers at key confirmation hearing – US politics live

The hearing marks a key hurdle Kevin Warsh must overcome in order to succeed Jerome Powell when his term ends on 15 May

Jerome Powell’s term as chair ends on 15 May. He said last month that he would remain as chair until a successor is named.

Powell also is serving a separate term as a member of the Fed’s governing board that lasts until January 2028.