Senate Banking Committee to Vote on Kevin Warsh Fed Nomination

The Senate Banking Committee next week will vote to advance Kevin Warsh, President Donald Trump’s nominee to become Federal Reserve chairman.

The Senate Banking Committee set a committee vote to advance Warsh’s nomination for Federal Reserve chairman of the Fed Board of Governors for next Wednesday.

Sen. Thom Tillis (R-NC) had also announced his support to advance Warsh’s confirmation after Jeanine Pirro, the top federal prosecutor for Washington, DC, had said she closed an investigation into cost overruns in the renovation of the Fed’s D.C. headquarters, more formally known as the Eccles Building.

He said in a statement on X:

I have been clear from the start: the U.S. Attorney’s Office criminal investigation into Chair Powell was a serious threat to the Fed’s independence, and it needed to end before I could support Kevin Warsh’s confirmation. I welcome the Inspector General’s investigation. This is a necessary and appropriate measure, and