The Warsh Confirmation Remains in Limbo
Sen. Thom Tillis (R-NC) made it clear at the Kevin Warsh confirmation hearing Tuesday that he will not allow the nomination to move forward as long as the Justice Department’s investigation of the Fed’s renovation cost overruns is continuing. And on Wednesday, at a press conference ostensibly about busting an international auto theft ring, U.S. Attorney Jeanine Pirro made it clear that the investigation will continue.
“I am in the legal lane, there are others who are in the political lane. I don’t intersect those two lanes,” Pirro said. “I am going forward…and we are continuing in this investigation.”
This raises the odds that we may not have a new Fed chairman confirmed by the time Fed Chairman Jerome Powell’s term expires on May 15. For those keeping score at home, that’s just 23 days from Wednesday, April 22. That’s just 16
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