US Edition
Trump admin wants new Fed chair in place 'as soon as possible'
Scott says the committee will hear Warsh next week as Tillis threatens to block the nomination unless the Powell probe ends.
- On Tuesday, Treasury Secretary Scott Bessent urged the Senate to confirm Kevin Warsh as Federal Reserve chair "as soon as possible," expressing confidence despite procedural obstacles ahead.
- President Donald Trump selected Warsh, a former Federal Reserve official, to succeed Fed Chair Jerome Powell, whose term expires May 15, positioning him to lead monetary policy adjustments.
- Republican Senator Thom Tillis vows to block confirmation until the Justice Department concludes its investigation into Fed renovation costs, arguing the administration must weigh the "cost-benefit analysis."
- Despite a judge quashing subpoenas, DC US Attorney Jeanine Pirro continues leading the probe into Powell, dismissing concerns as "white noise" and planning to appeal court rulings.
- Senate Banking Committee Chairman Tim Scott scheduled a hearing for April 21, stating the panel will examine Warsh's economic credentials and Fed independence before a vote.
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49 Articles
We're Precisely 1 Month Away From a Historic Shake-Up at the Federal Reserve -- and Wall Street Isn't Ready for It
Key PointsAlthough the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite have thrived throughout most of the decade, the winds of change may be blowing on Wall Street.Jerome Powell's final day as Fed chair is one month from today (May 15).President Donald Trump's Fed Chair nominee, Kevin Warsh, may create more problems than solutions for Wall Street.10 stocks we like better than S&P 500 Index › For most of the decade, optimists have be…
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Trump's pick for new Fed Chair to have confirmation hearing next week
Two and a half months after President Donald Trump announced Kevin Warsh as his nominee for Federal Reserve chair.
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Trump's Fed chair nominee to face Senate confirmation hearing next week
US President Donald Trump's choice for central bank chair is set to face a confirmation hearing next Tuesday, in a nomination some have criticized as an attempt to take over the Federal Reserve.
By Bryan Mena, CNN. Senators are scheduled to review President Donald Trump's nomination of Kevin Warsh as the next Federal Reserve chairman next week, according to Sen. Tim Scott, who chairs the committee that approves central bank nominees. In an interview Tuesday morning with Fox Business, Scott said the hearing is slated for next week but did not specify a date. CNN has reached out to the Senate Banking Committee for further details. For a p…
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