US EditionWhite House Confident Warsh Will Start as Fed Chair in May
Kevin Hassett said Warsh is likely to take over as Federal Reserve chair despite a delayed hearing and a criminal probe into Jerome Powell.
- On Thursday, National Economic Council Director Kevin Hassett said he was "highly confident" Federal Reserve chair candidate Kevin Warsh would start in May, expecting Chair Jerome Powell to depart as scheduled.
- The nomination hearing for Warsh faces delays as the Senate Banking Committee awaits financial paperwork, while U.S. Attorney for the District of Columbia Jeanine Pirro continues her criminal investigation into Powell.
- Confirmation remains difficult unless Sen. Thom Tillis backs off his opposition, while Warsh's financial disclosures are complex, involving nearly 1,200 assets held by his wife, Jane Lauder, whose net worth is estimated at $1.9 billion.
- Committee rules require one week of notice before hearings, but the committee has not yet received the necessary paperwork from Warsh, so his originally scheduled April 16 appearance will not occur.
- President Donald Trump's effort to install a new head faces legal friction, as a judge last week upheld a block on subpoenas in the Powell investigation, potentially delaying the transition at the Fed.
17 Articles
17 Articles
Kevin Warsh's Confirmation Hearing Has Slipped Again: Jerome Powell May End Up Staying Longer
The confirmation process for Kevin Warsh, President Donald Trump’s nominee to chair the Federal Reserve, has hit another delay. The Senate Banking Committee had been expected to hold a hearing on April 16, but as of Thursday evening the panel had not set or announced a formal date, and under its own rules it must […] The post Kevin Warsh’s Confirmation Hearing Has Slipped Again: Jerome Powell May End Up Staying Longer appeared first on Foreign P…
Warsh’s Fed hearing slips past next week
The Trump administration was unable to provide Federal Reserve nominee Kevin Warsh’s paperwork to the Senate Banking Committee in time for lawmakers to schedule an April 16 hearing as hoped, people familiar with the talks told Semafor. The committee would have had to notice the hearing by midnight Thursday. Like Securities and Exchange Commission Chair Paul Atkins’, Warsh’s paperwork — which includes public and private financial disclosures, plu…
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