GOP explores congressional off-ramp to unlock Warsh as Fed chair

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Source: Politico
TL;DR Summary

Top Republicans are weighing a special Banking Committee probe into Fed HQ construction as an off-ramp to drop the DOJ investigation of Jerome Powell, potentially paving Kevin Warsh’s path to chair the Fed; whether DOJ drops the probe remains uncertain, with Tillis pushing the idea as governance. The day also featured multiple other GOP moves and debates, including a new labor-rights notification bill, Rick Scott’s hold on Coast Guard promotions, and Rep. Cherfilus-McCormick’s resignation amid ethics probes.

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