‘I don’t want to disappoint you but…’: Kevin Warsh clashes with Waters over independence of fed

A fiery exchange erupted as Rep. Maxine Waters questioned Federal Reserve Chair nominee Kevin Warsh over the Fed's independence and raised concerns about a “pattern of insider profits” ahead of major market-moving decisions. Warsh pushed back, insisting the Federal Reserve must remain independent despite political pressure. The tense hearing reignited debate over insider trading, financial transparency, ethics, and the future direction of U.S. monetary policy.