multi source·4h ago·6 sources analyzed
Senate panel to vote on Warsh following Powell investigation closure
The Senate panel is set to advance Kevin Warsh's nomination after the Justice Department closed its investigation into Jerome Powell. This development may affect the leadership structure at the Federal Reserve. (sources: washingtonpost, commondreams, nytimes, bloomberg, yahoo)
Image: bloomberg
ModernAction Briefing
The Justice Department has concluded its inquiry into Jerome Powell, allowing a Senate panel vote on Kevin Warsh's nomination to the Federal Reserve. The closure of the investigation removes a potential obstacle for Warsh's advancement.
- The Senate panel has scheduled a vote on Kevin Warsh's nomination.
- The Justice Department, led by U.S. Attorney Jeanine Pirro, has closed its criminal investigation into Jerome Powell.
- The investigation was initiated at the request of Donald Trump.
Why it matters
The outcome of the Senate vote could impact the leadership and direction of the Federal Reserve.
No specific legislation identified for action yet.
Top coverage · 6 sources
washingtonpostSenate panel schedules vote to advance Warsh as Powell probe droppedcommondreams'Hoping to Fool the American People': In Dead of Night, GOP Sets Vote on Trump Fed PicknytimesJustice Department Closes Inquiry of Federal Reserve Pushed by TrumpbloombergDOJ Drops Powell Probe, Smoothing Path for Warsh to Lead Fed