In a series of contentious Capitol Hill hearings, Scott Bessent, the US Treasury secretary, faced off against Senator Elizabeth Warren over the nomination of Kevin Warsh as Federal Reserve chair. Bessent refused to definitively state that the administration would not sue Warsh if he failed to lower interest rates, asserting that the decision would be up to President Trump. The hearings escalated into a heated shouting match, with Warren and Bessent clashing over the implications of such a lawsuit. Meanwhile, Trump attempted humor at a black-tie dinner, joking about suing Warsh, which was met with an awkward silence from the audience. This backdrop of uncertainty raises questions about the future of monetary policy and the relationship between the White House and the Federal Reserve.