Trump’s Fed pick grilled by Senate panel, with confirmation still in limbo
Senator Tillis is effectively blocking Kevin Warsh's confirmation until a DOJ investigation into the Federal Reserve is dropped.
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Senator Tillis is effectively blocking Kevin Warsh's confirmation until a DOJ investigation into the Federal Reserve is dropped.
Republished from The Washington Post. The relationship between the two publishers has not been determined.
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Kevin Warsh faced a Senate hearing for his nomination as Fed Chair, pledging independence from President Trump despite the president's demands for rate cuts and ongoing Justice Department investigations into current Fed leadership.
Outlets across the spectrum agree that Senator Tillis is the primary obstacle to Kevin Warsh’s confirmation, demanding an end to the DOJ investigation into Jerome Powell. While Politico highlights the procedural "limbo" caused by Tillis's stance, Blaze.com frames him as a "lone Republican" potentially tanking a key Trump appointment.
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