Fed Chair Nomination Stalled as Powell Investigation Blocks Warsh Confirmation
Kevin Warsh's nomination to replace Jerome Powell as Federal Reserve Chair remains on hold pending a federal investigation into the current Fed chief.
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The Federal Reserve leadership transition has hit a roadblock as President Trump's nominee Kevin Warsh awaits confirmation while a federal investigation into current Fed Chair Jerome Powell continues. Senator Tim Scott expressed hope the investigation "goes away" to clear the path for Warsh's confirmation process.