Warsh Hearing: Fed Independence, Building Project Discussed

The video discusses the confirmation hearing of Kevin Warsh, nominee for the position of Federal Reserve Chair. The hearing began with a parliamentary inquiry by Senator Tillis regarding Warsh's compliance with the agreement, ensuring he was properly before the committee. Senator Tillis later submitted two executive orders for the record, expressing frustration with the lack of transparency in the Fed's bank examination supervision. Warsh, in his opening statement, emphasized the importance of Fed independence and transparency. The hearing then delved into a discussion about a $3 billion building project, with Warsh expressing concerns about its legitimacy and the Fed's independence in such matters.