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US Treasury Secretary Pushes For Start On Fed Chair Confirmation Hearings

Bessent argues that the Senate should begin hearings on Warsh while the investigation into Powell continues.

US Treasury Secretary Pushes For Start On Fed Chair Confirmation Hearings
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This article1 analysis · Oct 10, 2026
tl;dr

Treasury Secretary Scott Bessent urged the Senate Banking Committee to begin confirmation hearings for Kevin Warsh despite Senator Thom Tillis’s pledge to delay the process until a Justice Department probe into Jerome Powell is resolved. The dispute puts the committee’s path forward in question.

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Scott Bessent R · Secretary of the Treasury

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Scott Bessent
R · Secretary of the Treasury

Treasury Secretary urging the Senate Banking Committee to begin Warsh’s confirmation hearings

PRIMARY SUBJECT
Thom Tillis
R · NC · SEN

Senator opposing advancement of Kevin Warsh’s nomination until the Powell investigation is resolved

Tillis's version of this story ↗
Donald Trump
R · President of the United States

President who nominated Warsh and whose interest-rate preferences are cited by Powell

Kevin Warsh
Chair of the Federal Reserve

Federal Reserve chair nominee whose confirmation hearings are at issue

Current Federal Reserve chair and subject of the Justice Department investigation

ALSO MENTIONED  Jeanine Pirro, U.S. attorney for the District of Columbia, whose office is handling the Powell investigation

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Bessent Calls for Warsh Confirmation Hearings to Proceed
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