(FILES) 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. The US Senate is expected to confirm Kevin Warsh as Federal Reserve chairman on May 13, as President Donald Trump applies unprecedented pressure on the central bank to cut rates despite stubbornly high inflation. (Photo by Mandel NGAN / AFP via Getty Images)