US EditionBessent says Senate Banking Committee agreed to proceed with hearings for Fed nominee Warsh
The Senate Banking Committee will hold confirmation hearings for Kevin Warsh despite Senator Tillis's hold amid a Justice Department probe into Federal Reserve renovations.
- On Saturday, the Senate Banking Committee will proceed with Kevin Warsh's confirmation hearings despite Tillis's hold, the committee said.
- Senator Thom Tillis on Thursday said his hold remains while the Justice Department investigates Powell over the Fed's Washington headquarters renovation, supporting Warsh but blocking a vote until investigation ends.
- Proposing a committee review, Scott Bessent told Senate Republicans the panel could investigate the Fed's renovation, citing concerns over costs and saying Powell is 'guilty of one thing, incompetence.'
- Powell's term ends mid May, and officials say securing continuity with Warsh is urgent, as Tillis's hold remains until the investigation concludes.
- Amid the Justice Department criminal probe disclosed last month, Treasury Secretary Scott Bessent declined to say whether a Senate Banking Committee review could resolve Thom Tillis's hold.
21 Articles
21 Articles
Trump’s newest voice at the Fed has advice for Kevin Warsh before he takes the helm
As Kevin Warsh prepares to take the reins at the Federal Reserve, a newly elevated Trump ally at the central bank is signaling how he believes the job should be done — and how the next chair should navigate a pivotal moment for monetary policy.Speaking at the Dallas Federal Reserve, Governor Stephen Miran offered simple advice for Kevin Warsh, Trump’s nominee to replace Federal Reserve Chair Jerome Powell."Be forward-looking, not backward-lookin…
Tillis suggests Warsh faces long Fed chair nomination process that could restrict his business life
GOP Sen. Thom Tillis of North Carolina says he won't support the confirmation of any Fed nominee until the Justice Dept.'s investigation into chairman Jerome Powell is resolved.
Bessent suggests Senate will move forward with Warsh Fed chair nomination despite Tillis block
President Donald Trump nominated Warsh, a former Federal Reserve governor as the next chairman last month, but he will not be able to assume the role until Powell's term ends in May.
Bessent expects Senate Republicans to proceed with Fed chief nomination hearing
Treasury Secretary Scott Bessent said he has reached an “agreement” with the Senate Banking Committee and expects them to proceed with a hearing to nominate the next Federal Reserve chair after a two-week standstill. Sen. Thom Tillis, a senior member of the Senate Banking Committee, had blocked the holding of a hearing to consider Kevin…
Tillis Warns Fed Chair Nomination Will Take a Long Time
Sen. Thom Tillis (R-NC) said that Kevin Warsh will have to decide whether he would like to proceed with his Fed chair nomination process because of potential impacts to his business life amid the senator's pledge to oppose the confirmation of any nominee to the central bank until the Justice Departm
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