Kevin Warsh's hearing is set for next week. What to watch as Trump's pick for Fed chair faces Senate spotlight.

Senate Banking Committee Chair Tim Scott said the panel will hold a hearing next week on Kevin Warsh’s nomination for Federal Reserve chair and expects confirmation within the next several weeks. The report signals progress in the Fed leadership transition, but provides no policy details or market reaction. Given the importance of the Fed chair, the confirmation process could have broad implications for monetary policy and rates.

Analysis

Senate Banking Committee Chair Tim Scott said the panel will hold a hearing next week on Kevin Warsh’s nomination for Federal Reserve chair and expects confirmation within the next several weeks. The report signals progress in the Fed leadership transition, but provides no policy details or market reaction. Given the importance of the Fed chair, the confirmation process could have broad implications for monetary policy and rates.