New Delhi, April 22 -- The confirmation hearing of Kevin Warsh, President Donald Trump's nominee to lead the US Federal Reserve, highlighted sharp debates over central bank independence, inflation management, and the future direction of monetary policy.

1. Strong defense of Fed independence

Warsh repeatedly stressed that he would not be influenced by political pressure from Donald Trump or any elected official.

He told lawmakers he would "absolutely not" act as the President's puppet and reaffirmed: "The conduct of monetary policy remains strictly independent."

He also said: "The president never asked me to predetermine, commit, fix, decide on any interest rate decision. nor would I ever agree to do so."

2. Pushback against political...