Political Drama Unfolds Over Federal Reserve Nomination

Senate Banking Democrats demand delay on Warsh nomination until Powell and Cook investigations end

Sen. Thom Tillis, R-N.C., has separately vowed to hold up the nomination until the DOJ resolves its criminal investigation of Fed Chair Jerome Powell.

Democratic Senators Seek Delay in Nomination Proceedings of Warsh for Fed Chair

The Democratic members of the Senate Banking committee on Tuesday asked Republican committee chair Senator Tim Scott to delay the nomination proceedings for former Federal Reserve governor Kevin Warsh, President Donald Trump’s pick to be the next chair of the U.S. central bank. “The nomination comes after months of repeated efforts by President Trump and his Administration to influence the Fed by intimidation, including by opening criminal inves…

Political Drama Unfolds Over Federal Reserve Nomination

Political Drama Unfolds Over Federal Reserve Nomination In a heated political move, Democrats on the Senate Banking Committee demanded a halt to the nomination proceedings for Kevin Warsh as Federal Reserve Chair. They urge a delay until investigations into current Fed officials Jerome Powell and Lisa Cook are concluded.The demand comes amidst tensions following allegations that the Trump administration attempted to sway the Fed through intimida…

Warsh Is a Strong Choice To Replace Struggling Powell

Trump to nominate former Fed governor to replace Powell as chair

Kevin Warsh, second from left, listens during a panel discussion at the Semafor 2024 World Economy Summit on April 18, 2024, in Washington, D.C. (Photo by Tasos Katopodis/Getty Images for Semafor)WASHINGTON — President Donald Trump’s new Federal Reserve chair pick likely faces headwinds in the U.S. Senate, as a key lawmaker opposes the administration’s ongoing criminal probe of current Fed leader Jerome Powell. Trump announced early Friday he’s …

Trump to nominate former Fed governor to replace Powell as chair • Oklahoma Voice

Kevin Warsh, second from left, listens during a panel discussion at the Semafor 2024 World Economy Summit on April 18, 2024, in Washington, D.C. (Photo by Tasos Katopodis/Getty Images for Semafor)WASHINGTON — President Donald Trump’s new Federal Reserve chair pick likely faces headwinds in the U.S. Senate, as a key lawmaker opposes the administration’s ongoing criminal probe of current Fed leader Jerome Powell. Trump announced early Friday he’s …