Fed Chair Napkin-Scrap: Warsh Nomination Faces Senate Roadblocks and a Possible Power Fight

Trump’s pick to replace Fed Chair Jerome Powell, Kevin Warsh, is bogged down in a stalled Senate Banking Committee fight, with North Carolina Republican Thom Tillis withholding support pending DOJ’s inquiry into Powell’s renovation cost overruns. If Warsh isn’t confirmed by Powell’s May 15 term end, Powell says he’d serve pro tempore, while Trump has threatened to fire him, setting up what one analyst calls the most complex Fed chair confirmation in modern history and raising the possibility of a courtroom showdown as the process plays out.