Fed Chair Kevin Warsh LIVE: Kevin Warsh's First Congressional Test | Interest Rate | Trump | N18G

Fed Chair Kevin Warsh LIVE: Kevin Warsh's First Congressional Test | Interest Rate | Trump | CNBC TV18 WASHINGTON, July 14 (Reuters) - At Federal Reserve Chairman Kevin Warsh's swearing-in ceremony in May, President Donald Trump was effusive about his pick to lead the U.S. central bank, pumping his fist and applauding alongside administration officials gathered in the White House. "Go get 'em," Trump ​said as Warsh took the podium for a roughly seven-minute address that was only a third as long as Trump's remarks and blended compliments of the president with the new Fed chief's ambitions for the central bank. The Reuters Daily Briefing newsletter provides all the news you need to start your day. Sign up here. Advertisement · Scroll to continue Just as former ‌Fed Chair Jerome Powell was noted for rebuilding the central bank's relationship with Congress, Warsh's potential to keep Trump's trust could prove an important asset as he manages monetary policy through a difficult-to-read moment in the economy, and oversees a review process touching on key issues for the Fed and the country. Warsh is expected to further draw out his plans for the Fed and thoughts about the economy during two days of testimony before lawmakers in Congress on Tuesday and Wednesday. The testimony could also show if his first weeks in office have eased concerns that, far from managing Trump, Warsh will either meet the president's persistent demands for lower interest rates ​or face the same blowback from the White House that clouded Powell's tenure and ultimately put the then-Fed chief under a since-abandoned criminal investigation. Advertisement · Scroll to continue At the outset at least, Warsh's initial steps are seen as showing more distance from Trump than not, with his appointments ​to a set of task forces last week noted for the level of expertise and the absence of the sort of ideological or partisan figures brought in at other agencies. "If people were concerned he would ⁠be a 'sock puppet,' those fears should have been gone after the first press conference" following the Fed's decision to hold rates steady, when Warsh's comments were seen, if anything, as tilted toward keeping them that way, said Jon Faust, a former top adviser to Powell and now an economics professor ​at Johns Hopkins University. The task force appointments, "really cement that view," tapping a group of well-known economists, corporate executives and central bankers likely to operate largely as Warsh says he intends — as neutral arbiters of key debates, some new and some ongoing, Faust said. #KevinWarsh #FederalReserve #DonaldTrump #Fed #InterestRates #USEconomy #Congress #BusinessNews #CNBCTV18 #USNews