Senate Banking Committee to Vote on Kevin Warsh as Federal Reserve Chair

14 articles · Updated · Fox News · Apr 29

The committee vote proceeds after the Justice Department closed its probe into Jerome Powell, removing Sen. Thom Tillis’s hold on Warsh’s nomination.
Warsh, a former Fed governor and Morgan Stanley banker, pledged to maintain Fed independence but signaled openness to closer coordination with elected leaders, potentially reshaping central bank operations.
The vote comes as Powell’s term ends May 15, with the Fed facing persistent inflation, fallout from the Iran war, and political pressure ahead of the midterm elections.

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