US EditionTrump Gave Kevin Warsh, His Nominee to Chair the Fed, an Impossible Task
Sen. Thom Tillis has promised to hold up all Federal Reserve confirmations due to a Justice Department probe into Fed spending, complicating Trump's efforts to fill key Fed board seats.
- On Tuesday, President Donald Trump nominated Kevin Warsh to the Federal Reserve, but Sen. Thom Tillis has vowed to hold confirmations until the investigation is withdrawn.
- The Justice Department probe into Fed headquarters renovation, overseen by Pam Bondi and Jeanine Pirro, is widely considered to be a move to bully Chair Jerome Powell, causing friction.
- Sources who viewed the subpoena told the editorial it `amounts to a broad fishing expedition` and warned it risks undermining `central-bank independence` and `throwing that candidate to the wolves`.
- The editorial warned a stalemate is likely without Sen. Thom Tillis's support, and Senate Majority Leader John Thune said the U.S. Senate probably couldn't confirm a Fed pick without Tillis.
- Mr. Tillis's lack of a re-election bid helps explain his decision to hold confirmations, as he has little incentive after being trashed by President Trump on social media.
11 Articles
11 Articles
WSJ editors warn Trump's 'fishing expedition' against the Fed will backfire on his nominee
President Donald Trump made a solid and noncontroversial pick to lead the Federal Reserve, argued the Wall Street Journal editorial board on Tuesday — but he's throwing that candidate to the wolves with his crusade against central bank independence.Trump nominated Kevin Warsh, a former Fed governor ...
Kevin Warsh tapped for Fed chair.
I'm Isaac Saul, and this is Tangle: an independent, nonpartisan, subscriber-supported politics newsletter that summarizes the best arguments from across the political spectrum on the news of the day — then “my take.”Are you new here? Get free emails to your inbox daily. Would you rather listen? You can find our podcast here.Today’s read: 14 minutes.🏦President Trump's choice to replace Jerome Powell as Fed chair sparks some interesting questions…
Trump le dio a Kevin Warsh, su candidato para presidir la Fed, una tarea imposible
Análisis por Allison Morrow, CNN Desde el viernes, colegas expertos en la Reserva Federal y analistas de mercado han estado estudiando detenidamente el currículum de Kevin Warsh, el nuevo candidato del presidente Donald Trump para presidir la Fed, intentando leer entre líneas qué tipo de jefe del banco central será de ser confirmado. Pero toda la atención puesta en la biografía de Warsh podría estar pasando por alto el panorama general. Las cart…
Analysis by Allison Morrow, CNN. Since Friday, fellow Federal Reserve experts and market analysts have been scrutinizing the resume of Kevin Warsh, President Donald Trump's nominee to chair the Fed, trying to read between the lines what kind of central bank chief he will be if confirmed. But all the attention focused on Warsh's biography may be overlooking the bigger picture. The odds were already stacked against Warsh, not because of his qualif…
Donald Trump’s nominee is hard to fit into the binomial hawks/palomas. Added to this uncertainty is Jerome Powell’s hermetism about what he will do once he finishes his driving.
Coverage Details
Bias Distribution
- 86% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
