Kevin Warsh, the nominee for Federal Reserve Chair under President Donald Trump, will affirm his commitment to the independence of the U.S. central bank during his confirmation hearing before the Senate Banking Committee. In prepared remarks, Warsh stated that while he supports the Fed's autonomy in monetary policy, this independence should not extend to all areas of its congressional mandate, particularly concerning public funds and bank regulation. He criticized the Fed for straying into fiscal and social policies, including research on climate change and inclusive employment, arguing that such actions dilute its core mission. Warsh expressed a need for reform within the Fed, stating that the institution must adapt to rapidly changing economic conditions. He also highlighted the threat posed by rising inflation to public confidence in the Fed, suggesting that failure to maintain price stability could lead to a loss of faith in the central bank's governance. Warsh's confirmation hearing is scheduled for 10 a.m. EDT (1400 GMT) on Tuesday.