Senate to hold Kevin Warsh Fed confirmation hearing next week
Senator Thom Tillis has vowed to block Federal Reserve nominees until the Justice Department investigation into Jerome Powell concludes.
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Senator Thom Tillis has vowed to block Federal Reserve nominees until the Justice Department investigation into Jerome Powell concludes.
Senate Banking Committee Chairman Tim Scott announced a confirmation hearing for Federal Reserve nominee Kevin Warsh, despite ongoing conflict between the Trump administration and current Fed Chair Jerome Powell.
President of the United States
Current Federal Reserve Chairman
Outlets across the spectrum report on Senator Tillis's refusal to confirm Fed nominees until the DOJ probe into Jerome Powell is resolved. Left-leaning sources like RawStory emphasize Tillis's sharp rhetoric calling the investigation a "bogus" revenge crusade, while Fox News frames the situation as a deepening "tiff" between the Senator and President Trump that threatens the new chair's confirmation.
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