President Donald Trump tapped Warsh to replace Chairman Jerome Powell, whose tenure in the last year has been marked by his adversarial relationship with the president.
The federal investigation into Powell over a $2.5 billion renovation for the Fed headquarters may overshadow Warsh’s hearing. Sen. Thom Tillis (R-NC), who sits on the banking committee, has vowed to block the Trump nominee’s confirmation process over the administration’s treatment of Powell.
The hearing is scheduled to start at 10 a.m. Tuesday.
Continue reading
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!