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Kevin Warsh: Trump’s next fall guy at the Fed?

The nominee to lead the world’s most powerful central bank wants big changes. But there’s risk of confrontation with the president over interest rates

Donald Trump’s choice to run the world’s most important central bank is about to begin his audition. On Tuesday, the powerful Senate banking committee is due to begin hearings to confirm Kevin Warsh as chair of the US Federal Reserve.

At stake is not only the management of the biggest economy on the planet, but also decisions that can force other countries into devaluations or lift them out of their financial straits.

As the 56-year-old prepares for a gruelling few days on Capitol Hill, three big questions are in the air.

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