US Treasury Secretary Pushes For Start On Fed Chair Confirmation Hearings
Tillis says he will delay Warsh’s confirmation process until the Justice Department probe into Powell is resolved.

SOURCE CHECK
TAP FOR WHYCointelegraph is an established trade publication with an editorial policy and an attributed byline, though its specialty coverage and limited evidence of broader reporting standards support a moderate rather than high score. The article identifies the interviews and officials it relies on.
- Source type — Trade publication with a defined subject specialty; moderate institutional credibility.
- Editorial standards — The page refers readers to an editorial policy, but the article offers limited detail about corrections practices.
- Author attribution — A named author is credited.
- Transparency — The article identifies the television interviews and public officials behind key statements.
The article attributes the central positions to Bessent and Tillis and includes Powell’s denial and explanation. It provides relevant committee numbers and confirmation-process context, but relies heavily on brief broadcast remarks and does not include a response from the Justice Department.
HOW WE SCORE ↗The article presents Bessent’s call for hearings, Tillis’s objection and Powell’s claim that the investigation is politically motivated. It does not include the Justice Department’s account or response to that claim.
- Counterarguments presented — Includes opposing positions on whether the confirmation process should proceed.
- Source diversity — Quotes officials from different sides of the dispute, but gives no direct response from the department conducting the probe.
- Omitted context — Does not provide the Justice Department’s explanation of the investigation.
The article reports Bessent’s and Tillis’s positions in neutral terms and presents Powell’s denial without adopting either side’s claims. Its framing centers on the confirmation process and the probe’s effect on it.
- Language tone — Mostly neutral, with no sustained evaluative or partisan language.
- Source selection — Reports statements from Bessent, Tillis and Powell, but provides no Justice Department response.
- Framing — Frames the dispute as a question of whether hearings should proceed amid the investigation.
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.
Bessent called for hearings to proceed and said they would allow the committee to assess Warsh while the investigation continues. Tillis has said he will oppose moving the nomination forward until the matter is settled, citing the need to protect the Federal Reserve’s independence.
The article reports that Republicans hold 13 of the Senate Banking Committee’s 24 seats and that Tillis’s opposition could affect whether the nomination advances. The Justice Department opened an investigation into Powell over expenses tied to renovations at Federal Reserve office buildings; Powell has denied the assertions and said the investigation was politically motivated.
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SWIPE →Senator opposing advancement of Kevin Warsh’s nomination until the Powell investigation is resolved
Treasury Secretary urging the Senate Banking Committee to begin Warsh’s confirmation hearings
Bessent's version of this story ↗President who nominated Warsh and whose interest-rate preferences are cited by Powell
Federal Reserve chair nominee whose confirmation hearings are at issue
Current Federal Reserve chair and subject of the Justice Department investigation
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