Donald Trump backs down as DOJ closes Powell probe, Warsh Fed nomination advances
Updated
Updated · The New Yorker · Apr 27
Donald Trump backs down as DOJ closes Powell probe, Warsh Fed nomination advances
14 articles · Updated · The New Yorker · Apr 27
U.S. Attorney Jeanine Pirro announced the closure of the DOJ investigation into Jerome Powell, with Senator Thom Tillis lifting his hold on Kevin Warsh's Fed chair nomination.
This move clears the way for Warsh to be confirmed before Powell's term ends in May, ending an unprecedented standoff over Fed leadership and independence.
Concerns remain about Warsh's willingness to resist presidential pressure, as his confirmation could shift the balance of power at the Fed and impact its perceived independence and market confidence.
Can the Federal Reserve maintain its independence after this turbulent transition?
Could challenges to Fed autonomy affect the US dollar's global dominance?
How will the Fed's new leadership tackle inflation fueled by war and tariffs?
What does the Supreme Court’s recent Fed ruling mean for government agency autonomy?
Will rising energy prices force the Fed to raise interest rates this year?