Trump Fed Pick Warsh Faces Senate Blockade Over Powell Probe Fight
President Donald Trump’s pick to replace Federal Reserve Chair Jerome Powell is now in front of the Senate, but his path to confirmation is already uncertain as the clock ticks on Fed leadership.
Kevin Warsh testified before the Senate Banking Committee this week, facing questions about independence, financial conflicts, and his alignment with Trump’s economic agenda.
According to Reuters and The Washington Post, Warsh pledged to keep interest rate decisions independent while supporting broader coordination with government policy, even as lawmakers pressed him on transparency and past financial holdings.
The nomination is stalled by a Republican blockade tied to a Justice Department investigation into Powell, creating a split within Trump’s own party and raising the risk of a deadlocked committee vote.
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“There should be no hearing or vote… while the President continues his attempt to take over the Fed,” Sen. Elizabeth Warren said.
The fight underscores a larger battle over control of the Federal Reserve, with Democrats warning of political interference and Republicans divided over the ongoing probe into Powell’s leadership.
With Powell’s term set to end May 15, the unresolved nomination creates a potential leadership gap at one of the most powerful financial institutions in the world.
What happens next depends on whether the investigation is resolved—or the Senate finds another path forward.
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