Kevin Warsh, Trump's Fed chair nominee, faces Senate scrutiny

President Donald Trump nominated Kevin Warsh to be Federal Reserve chair, and the Senate Banking Committee has begun vetting his nomination. Senator Elizabeth Warren posted a YouTube video and tweeted 'Donald Trump’s Fed Chair nominee has problems,' urging the committee to probe Warsh's ties and policy plans. Warren's opinion piece says the committee must determine 'what lengths Kevin Warsh will go to in order to please the president,' raising concerns about conflicts and policy independence. The committee's findings could decide whether Warsh can deliver the lower interest rates President Trump expects and how much independence the Fed retains.