Senate Clash Erupts as Trump’s Fed Pick Warsh Faces Confirmation Roadblock
Trump’s pick to replace Federal Reserve Chair Jerome Powell is facing a Senate confirmation fight that could stall the central bank’s leadership.
Kevin Warsh testified this week, but his nomination is already tangled in political conflict. According to Reuters and The Washington Post, a Republican senator is blocking the process until a Justice Department probe into Powell is dropped.
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Democrats are raising separate concerns, questioning Warsh’s financial ties and whether he can act independently from Trump. Sen. Elizabeth Warren warned against confirming a nominee she described as aligned with White House pressure on the Fed.
Warsh told lawmakers he would protect monetary policy independence, but also signaled openness to coordination with the administration on other areas.
With Powell’s term ending May 15, the standoff leaves uncertainty over who will lead the Fed next, and whether Trump’s broader push to reshape the central bank will succeed.
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