Trump would decide whether to investigate Fed pick Warsh over refusal to cut rates: Bessent

Core Viewpoint - The potential for a criminal investigation into Kevin Warsh, President Trump's nominee for Federal Reserve chair, has been raised if he does not comply with the president's wishes regarding interest rate cuts [1][2]. Group 1 - Treasury Secretary Scott Bessent did not dismiss the possibility of a criminal investigation into Warsh if he refuses to cut interest rates [1]. - Senator Elizabeth Warren questioned Bessent about a joke made by Trump regarding the possibility of suing Warsh if he does not reduce rates as desired by the president [2]. - Typically, U.S. presidents allow the Federal Reserve to make independent interest rate decisions, maintaining a separation between the Fed and the White House [3].