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Trump Gave Kevin Warsh, His Nominee to Chair the Fed, an Impossible Task
Sen. Tillis blocks Fed nominees tied to DOJ investigation of $500 million Fed headquarters renovation, risking a Senate stalemate and impacting Trump's Federal Reserve appointments.
- On Thursday, Senate leaders warned that the Senate probably couldn’t confirm a Fed nominee without Sen. Thom Tillis’s support, who has vowed to put holds until a probe is withdrawn.
- Sen. Thom Tillis isn’t running for re-election this year, and he has little incentive to support Trump amid a Justice Department probe overseen by Attorney General Pam Bondi, widely seen as intimidating the Fed.
- The Wall Street Journal editorial argued that critics warn the campaign against the Fed risks undermining independence and 'throws that candidate to the wolves,' prompting concerns over confirmation delays.
- If the hold persists, the editorial warned that without Mr. Tillis's support 'a stalemate is likely,' risking confirmation delays for Trump’s Fed nominees.
- Longer-Term, the dispute underscores how a vacancy on the seven-person Fed board could allow the administration to appoint allies like David Malpass, influencing policy direction, as Senate leaders threaten holds over the Justice Department probe.
15 Articles
15 Articles
NBC Dallas-Fort Worth
NBC NewsTrump says he 'would not' have picked Kevin Warsh to lead the Fed if he wanted to raise interest rates
President Donald Trump said Wednesday that his pick to lead the Federal Reserve would not have received the job offer had he expressed a desire to raise interest rates. Speaking with “NBC Nightly News” anchor Tom Llamas in an extensive interview, Trump said there was “not much” doubt in his mind that interest rates would soon be lowered. Pressed on how he could be so sure, the president said, “I just think they’re going to be lowered. I mean, th…
WSJ editors warn Trump's 'fishing expedition' against the Fed will backfire on his nominee
President Donald Trump made a solid and noncontroversial pick to lead the Federal Reserve, argued the Wall Street Journal editorial board on Tuesday — but he's throwing that candidate to the wolves with his crusade against central bank independence.Trump nominated Kevin Warsh, a former Fed governor ...
Kevin Warsh tapped for Fed chair.
I'm Isaac Saul, and this is Tangle: an independent, nonpartisan, subscriber-supported politics newsletter that summarizes the best arguments from across the political spectrum on the news of the day — then “my take.”Are you new here? Get free emails to your inbox daily. Would you rather listen? You can find our podcast here.Today’s read: 14 minutes.🏦President Trump's choice to replace Jerome Powell as Fed chair sparks some interesting questions…
Trump le dio a Kevin Warsh, su candidato para presidir la Fed, una tarea imposible
Análisis por Allison Morrow, CNN Desde el viernes, colegas expertos en la Reserva Federal y analistas de mercado han estado estudiando detenidamente el currículum de Kevin Warsh, el nuevo candidato del presidente Donald Trump para presidir la Fed, intentando leer entre líneas qué tipo de jefe del banco central será de ser confirmado. Pero toda la atención puesta en la biografía de Warsh podría estar pasando por alto el panorama general. Las cart…
Analysis by Allison Morrow, CNN. Since Friday, fellow Federal Reserve experts and market analysts have been scrutinizing the resume of Kevin Warsh, President Donald Trump's nominee to chair the Fed, trying to read between the lines what kind of central bank chief he will be if confirmed. But all the attention focused on Warsh's biography may be overlooking the bigger picture. The odds were already stacked against Warsh, not because of his qualif…
Trump Says DOJ Should Continue Investigation of Fed Chair Powell ‘to the End’ - The MortgagePoint
U.S. Attorney for Washington Jeanine Pirro should “take it to the end and see,” Trump said in the Oval Office, but U.S. Sen. Thom Tillis, R-N.C., has said he will oppose any new Fed nominee until the Powell investigation is fully resolved.
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