Fed Pick Warsh Heads for Senate With Confirmation in Limbo (2)

Kevin Warsh has for years accused the Federal Reserve of losing its way and said it’s in desperate need of “regime change.”

Now, as President Donald Trump’s pick to be the next Fed leader, Warsh will have the opportunity to map out his plans to remold the world’s most important central bank when he testifies Tuesday before the Senate Banking Committee.

Warsh, in a nod to concerns about the Fed’s future, will vow to protect the central bank’s independence in his prepared remarks, according to a copy viewed by Bloomberg.

“I believe that monetary policy independence is earned — and ...