I'm John Batchelor. I welcome Elizabeth Peake writing a column for the Hill, a column for Fox News, much on Fox

business, to comment on the challenge of Kevin Warsh before the United States Senate for

approval of the nomination to be the next chairman of the Federal Reserve. An extremely

powerful post around the world, the central bank of central banks.

The Wall Street headline puts together the Warsh nomination and friction.

Warsh embarks on high-wire act of convincing investors without angering Trump.

My head is spinning around.

Trump expects lower interest rates, how

Warsh navigates their relationship could shape what he can actually deliver. Liz, I'm sorry

to come with you with so many confusing qualifications in the Wall Street Journal headline.

They must have argued about this for several hours.

What is the friction, as we understand it? Kevin Warsh is enormously well-qualified and prepared.

He's been a governor already on the committee. He knows the world of central banking.

Where's the tension? Good evening to you. Good evening, John. Very simply, the tension is that he was nominated by Donald Trump. So I think it's been pretty clear for years, actually, that Donald

Trump wants lower interest rates. The thinking is on the left that he has chosen a successor

to Jay Powell, who by the way still is in that post,

who will succumb to his desires and lower interest rates, no matter what the impact on

inflation, no matter what the recent data, remember Jay Powell always claimed to be data-driven,

whatever the data shows, Kevin Warsh is

expected to follow Trump's commands, if you will, and lower interest rates. That is what he is

being charged with. Elizabeth Warren was out in recent days saying he was a puppet of Donald Trump.

He can't be trusted to be fed share. It's all kind of

...