Senate Banking Committee schedules vote on Kevin Warsh’s Fed chair nomination
Updated
Updated · The Washington Post · Apr 25
Senate Banking Committee schedules vote on Kevin Warsh’s Fed chair nomination
17 articles · Updated · The Washington Post · Apr 25
The committee set the vote for April 29 after U.S. Attorney Jeanine Pirro ended her criminal probe into Jerome Powell and the Fed’s $2.5 billion headquarters renovation.
Senator Thom Tillis, who previously blocked Warsh’s nomination, has not stated if he will now support it, while Democrats remain opposed, citing ongoing concerns about Fed independence and a separate probe into Fed governor Lisa Cook.
Powell’s term as Fed chair ends May 15, and uncertainty over Warsh’s confirmation could unsettle markets. The Justice Department’s retreat marks a rare reversal for the Trump administration’s efforts targeting perceived opponents.
With political pressures mounting, what will define the Fed's independence under a new chair?
Will a new Fed chair bring the interest rate cuts that markets are anticipating?
How might Kevin Warsh reshape the Fed's approach to its massive $6.7 trillion balance sheet?
Who will ensure accountability for the Fed's $2.5 billion renovation project?
How could the Supreme Court's ruling on Governor Cook's case redefine the Fed's power?