GOP Split Shapes Warsh's Path to Fed Chair Amid Powell Probe
TL;DR
Republican lawmakers on the Senate Banking Committee appear ready to clear Kevin Warsh for Fed chair by downplaying Powell’s criminal probe or pressing for its resolution, even as Sen. Thom Tillis withholds his vote. Tillis’s hold blocks Warsh’s committee path, but Tim Scott and other GOP members signal support if the investigation is resolved, meaning a closed probe could unlock easy floor confirmation.
Topics:businesspolitics-and-policy#fed-chair#kevin-warsh#politics-and-policy#powell-investigation#senate-banking-committee#thom-tillis
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- GOP Senators Say Powell Probe ‘Waste of Time’ Amid Warsh Impasse Bloomberg.com
- Untangling the ideas of Donald Trump’s Fed nominee The Economist
- Trump nominates inflation hawk Kevin Warsh to replace Jerome Powell as Fed chair CNN
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