US Treasury Secretary Scott Bessent announced that the administration is eager to appoint Kevin Warsh as the new chair of the Federal Reserve, succeeding Jerome Powell. However, Warsh's confirmation faces hurdles in the Senate due to political pressures surrounding the independence of the central bank.

• 01The US administration is pushing for Kevin Warsh's appointment as Federal Reserve chair.
• 02Scott Bessent emphasized the urgency of the appointment as Jerome Powell's term ends.
• 03Warsh is President Trump's nominee but faces Senate confirmation challenges.
• 04Political pressures are mounting against the independence of the Federal Reserve.
• 05Key lawmakers are resisting the administration's push for Warsh's confirmation.

The appointment of a new Federal Reserve chair can significantly influence US monetary policy, affecting interest rates and economic stability.