Published fact-check
Claim checked
“CRASH: $500,000,000,000 wiped from the U.S. stock market in just 90 minutes after Kevin Warsh’s statements.”
Published
Social media posts claim that $500 billion was wiped from the U.S. stock market in just 90 minutes following statements by Federal Reserve Chair nominee Kevin Warsh during his Senate confirmation hearing on April 21, 2026. While Warsh did testify on that date, there is no verified financial data in the provided evidence to confirm a market loss of that specific magnitude or timing.
8 reviewed sources behind this verdict.
Used for: Kevin Warsh Confirmation Hearing.
Provides live updates and detailed context of the Senate confirmation hearing for Kevin Warsh on the date the claim was made.
Offers analysis of market sentiment and early trading behavior surrounding the Warsh hearing and geopolitical events.
In prepared remarks for his confirmation hearing before the Senate Banking Committee today, Federal Reserve chair nominee Kevin Warsh plans to say that the
The Treasury market, for all intents and purposes, has been dead, with prices barely budging in April. The lull could end when Warsh responds to questions
Federal Reserve chair nominee, Kevin Warsh, gave an opening statement to the Senate Banking Committee.
* [World](https://www.reuters.com/world/). ## [Browse World](https://www.reuters.com/world/). * [Africa](https://www.reuters.com/world/africa/). * [Americas](https://www.reuters.com/world/americas/). * [China](https://www.reuters.com/world/china/). * [Europe](https://www.reuters.com/world/europe/). * [India](https://www.reuters.com/world/india/). * [Japan](https://www.reuters.com/world/japan/). * [United States](https://www.reuters.com/world/us/). * [Business](https://www.reuters.com/business/).
However, C-SPAN only receives this revenue if your book purchase is made using the links on this page. However, C-SPAN only receives this revenue if your book purchase is made using the links on this page. However, C-SPAN only receives this revenue if your book purchase is made using the links on this page. However, C-SPAN only receives this revenue if your book purchase is made using the links on this page. However, C-SPAN only receives this revenue if your book purchase is made using the links
The evidence confirms that Kevin Warsh appeared before the Senate Banking Committee for his confirmation hearing on April 21, 2026. During the hearing, he addressed topics such as Fed independence, interest rate cuts, and his relationship with President Trump.
However, the available reports from CNBC and Benzinga do not mention a $500 billion market crash or any specific 'wipeout' occurring during the 90-minute window of his testimony. While one source noted that the market was 'pulling back in the early trade' on April 20 (the day prior), there is no corroborating evidence for the massive, rapid loss claimed in the social media post. Without real-time index data or financial news reports confirming this specific figure, the claim remains unverified.
Source quality: The evidence includes live coverage of the specific event (Warsh's hearing) from reputable financial news outlets like CNBC, which allows for a comparison between the claim and actual reported events.
Medium