President Trump's pick to lead the Federal Reserve went before a Senate committee today — but Kevin Warsh's confirmation could be held up by forces that are outside his control.

Kevin Warsh’s nomination to lead the Federal Reserve could still be delayed by a Justice Department investigation into the current chair, Jerome H. Powell.

Federal Reserve Governor Christopher Waller called for a shakeup in the US central bank’s operations, arguing that key functions should be centralized and subject to less consensus-building among its 12 regional reserve banks.

By Ann Saphir WASHINGTON, April 20 (Reuters) - Kevin Warsh, U.S. President Donald Trump's nominee to lead the Federal Reserve, will tell lawmakers at his Senate confirmation hearing on Tuesday that he is "committed to ensuring that the conduct of monetary policy remains strictly independent,

Kevin Warsh, the nominee to be next chairman of the Federal Reserve, promised senators Tuesday that the central bank would maintain its independence from the White House under his leadership and that he would divest assets that raised conflict-of-interest concerns among Democrats.

The U.S. Federal Reserve has never before been this transparent about its policymaking process — but that might not be a good thing.

U.S. ⁠President Donald Trump ​on Tuesday ‌told CNBC ‌that ⁠he ⁠would be disappointed if Kevin ​Warsh, his nominee ​for Fed chair, ⁠did ⁠not cut ⁠interest rates ​right away once ​he ⁠took office after ⁠being approved by the Senate.