multi source·46m ago·5 sources analyzed
Senate Confirmation Uncertain for Fed Chief Nominee Warsh
Kevin Warsh has been nominated to lead the Federal Reserve, but his confirmation by the Senate is uncertain. The outcome could impact the central bank's leadership and its independence. (sources: cbsnews, abcnews, nytimes, reuters)
ModernAction Briefing
Kevin Warsh has committed to maintaining the Federal Reserve's independence, though he acknowledges some limits. His nomination faces scrutiny amid an investigation into the current chair, Jerome Powell.
- Warsh has been nominated by President Trump to replace Jerome Powell as chair of the Federal Reserve.
- The Senate's confirmation of Warsh is uncertain, which raises questions about who would lead the central bank if he is not confirmed.
- Warsh has pledged to uphold the independence of the Federal Reserve while also indicating some constraints.
Why it matters
The leadership of the Federal Reserve is crucial for economic policy and the central bank's operational independence.
No specific legislation identified for action yet.
Top coverage · 5 sources
cbsnewsWho will run the Federal Reserve if the Senate doesn't confirm Trump's pick?abcnewsTrump's Fed chair nominee Kevin Warsh to testify before Congress amid Powell probenytimesCan Kevin Warsh Pass the Jerome Powell Test?reutersFed chief nominee Warsh commits to central bank's independence, with limits