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Trump says Warsh should have ‘no trouble’ getting through confirmation process
Trump expects Kevin Warsh to secure Senate confirmation as Fed chair and support lower interest rates amid political and economic pressures, with confirmation critical for monetary policy direction.
- On Jan 31, President Donald Trump said Warsh should face no trouble in confirmation and may attract bipartisan support.
- Mr Trump nominated Mr Warsh on Jan 30 to lead the Federal Reserve when Jerome Powell's term ends in May, praising Warsh as a former Fed insider.
- Senator Thom Tillis said he would block the confirmation until a Justice Department inquiry into Mr Powell is `fully and transparently resolved`, with a 13-11 Republican committee majority that could be affected by one vote.
- Without naming names, Trump said Warsh might win confirmation even without Tillis's support, and he suggested the administration could wait for Tillis to leave the Senate.
- Asked about interest rates, Mr Trump said he expects Mr Warsh `is going to lower` them and noted Warsh made no firm commitments.
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Gary Cohn says Kevin Warsh will "take the Fed back to its traditional" norms
Gary Cohn, former Trump economic adviser and vice chairman of IBM, told "Face the Nation" that he believes that President Trump's Fed nominee Kevin Warsh will "take the Fed back to its traditional" norms.
·United States
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Coverage Details
Total News Sources37
Leaning Left1Leaning Right8Center16Last UpdatedBias Distribution64% Center
Bias Distribution
- 64% of the sources are Center
64% Center
C 64%
R 32%
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