Warsh Faces Senate Pressure Over Trump Talks

Four Senate Democrats have asked Federal Reserve Chairman Kevin Warsh to publicly disclose his conversations with President Trump, citing concerns that undisclosed contact between the two could undermine the credibility of the Fed's reaction function.

The senators' letter follows a report by the Wall Street Journal that Warsh and Trump have spoken repeatedly since Warsh took office in May, despite Warsh's public calendars showing no record of such calls.

Warsh did not directly answer questions on the matter when pressed by Senator Chris Van Hollen at a hearing last month, and the senators noted the lack of disclosure is made more conspicuous by the fact that his calendars list meetings with other senior White House economic officials.

The senators asked Warsh to either confirm in writing that he has had no contact with Trump since being sworn in, or to amend his released calendars to reflect any calls that took place.