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Powell Probe

All articles tagged with #powell probe

politics2 months ago•305 min saved

Warsh nomination could turn Fed chair race into a political maelstrom

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.

via CNN|

#fed-chair #kevin-warsh #politics

politics3 months ago•21 min saved

Thune pushes to finish Powell probe as GOP broadens FISA talks and policy battles

Senate GOP Leader John Thune urged the DOJ to wrap up its probe into Fed Chair Jerome Powell, arguing it should be concluded to facilitate policy progress, as Republicans also press for a timely FISA renewal with privacy guardrails amid broader Capitol Hill debates on a highway bill and related policy issues.

via Politico|

#budget #doj #fisa

business3 months ago•2 min saved

Warsh clears disclosures as Fed chair bid moves toward Senate hearing

Warsh has filed the required financial disclosures and the Senate Banking Committee could schedule a hearing next week, moving his bid to be Fed chair forward; however, final approval remains uncertain as Sen. Tillis has signaled he will block until a federal criminal probe into Jerome Powell is resolved, with Powell’s term ending May 15 and the White House aiming for Warsh to be in place by then.

via CNBC|

#business #fed-reserve #financial-disclosures