Warsh nomination could turn Fed chair race into a political maelstrom
TL;DR Summary
President Trump nominated former Fed governor Kevin Warsh to succeed Jerome Powell as Fed chair, but Warsh’s confirmation is stalled in the Senate Banking Committee as Sen. Thom Tillis withholds support until the Justice Department drops its inquiry into Powell’s renovation-cost testimony; with Powell’s term ending May 15, Powell has suggested he could serve as chair pro tempore if not confirmed, a plan Trump has said he would oppose, potentially triggering a courtroom fight and making this one of the most complex Fed-chair confirmations in modern history.
- How the Fed chair succession saga could become a real mess CNN
- What Warsh should do at the Fed Financial Times
- Trump expects his Fed chair nominee to cut interest rates. Here’s how Kevin Warsh might try to do it. MarketWatch
- Opinion | Kevin Warsh and the Erosion of the Dollar WSJ
- Kevin Warsh: banker tipped for most important role in global finance The Observer
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