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Trump Fed chair pick to vow interest rate independence at key hearing

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Financier Kevin Warsh (center) previously served as a Federal Reserve governor from 2006-2011

Financier Kevin Warsh (center) previously served as a Federal Reserve governor from 2006-2011

Kevin Warsh, US President Donald Trump's choice to lead the Federal Reserve, will stress his dedication to central bank independence on interest rates at a crucial confirmation hearing Tuesday, according to prepared remarks seen by AFP.

"I am committed to ensuring that the conduct of monetary policy remains strictly independent," Warsh is to say in an opening statement to the Senate Banking Committee.

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