Analysis: Warsh emerges from a difficult hearing with his Fed 'regime-change' plan intact

kevin warsh faced a tough senate confirmation hearing on tuesday, with democrats and some republicans grilling him on his finances, his ties to donald trump, and his enthusiasm for ai. but his core proposal — a "regime change" at the fed — went largely unchallenged, leaving that plan intact. warsh wants to overhaul how the fed operates. he'd abandon forward guidance, reconsider regular press conferences, and even ditch the fed's preferred inflation gauge, the core pce, which he called a "rough swag." he believes the fed has lost credibility and that muddled policy has driven up long-term rates, hurting americans with higher mortgage and credit-card costs. he welcomes internal fed dissent, calling it a "good family fight," and objections from other policymakers might actually help his case that the institution needs a new direction. while he tried to distance himself from trump's demands for lower rates, stating the president never instructed him on a rate path, his nomination advances with his radical blueprint essentially unscathed.