The Senate Banking Committee confirmation hearing for Kevin Warsh, President Donald Trump's nominee to chair the Federal Reserve, turned contentious as Democrats pressed Warsh on his independence, his willingness to challenge the president and a direct but unanswered question: Did Donald Trump lose the 2020 presidential election? The exchange drew immediate attention. Sen. Elizabeth Warren (D-MA), the committee's ranking Democrat, asked Warsh point-blank whether Trump lost the 2020 race.