Kevin Warsh’s confirmation vote to be the next Federal Reserve chairman is scheduled for Wednesday, April 29, according to a Senate banking committee notice.
Sen. Thom Tillis (R-NC), a member of the Senate Banking, Housing, and Urban Affairs Committee, previously said he would place a hold on any nomination until the White House ends its investigation into the current chairman.
DOJ DROPS INVESTIGATION INTO JEROME POWELL, CLEARING WAY FOR TRUMP FED PICK KEVIN WARSH
The DOJ had been investigating Powell over spending related to the Federal Reserve building renovations. The renovation cost has increased to an expected $2.5 billion. President Donald Trump has incorrectly claimed the cost to be $4 billion, suggesting that Powell is profiting off the project.
“Did the contractor make three and a half billion dollars? … I can’t imagine that ‘Too Late’ is taking money on construction. I can’t. But it’s possible,” Trump said, referring to Powell
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