Traders Ramp Up Bets Warsh’s Fed Could Hike Rates Before Cutting

Kevin Warsh, nominee for US Federal Reserve chairman, testified before a Senate committee, balancing President Donald Trump's demands for lower rates with reassurances of defending the Fed's autonomy. Warsh's testimony highlighted the fine line he must walk between these two pressures. The hearing took place on April 21, 2026, in Washington, DC.