Warsh hints at a new reading of the Fed's power over swap lines amid UAE discussion

Kevin Warsh, nominee for US Federal Reserve Chair, testifies during a Senate Banking Committee hearing on his nomination on Capitol Hill in Washington, DC, on April 21, 2026. Mandel Ngan | Afp | Getty Images Federal Reserve chair nominee Kevin Warsh believes the Fed's statutory independence doesn't fully extend to international policy issues, he said in in written responses published Tuesday to Senate Democrats' questions about the Fed's authority to establish swap lines. …