President Trump's Nominee for Fed Chair Faces Confirmation Challenges Amidst DOJ Inquiry
Kevin Warsh, nominated by President Trump to succeed Jerome Powell as the Federal Reserve Chair, is facing a complicated confirmation process. The Senate Banking Committee has scheduled a hearing for April 21, but Warsh's path to confirmation is uncertain. North Carolina Senator Thom Tillis, a senior Republican on the committee, is withholding his vote unless the Department of Justice drops its investigation into Powell's testimony regarding cost overruns at the Fed's headquarters. This investigation is led by DC US Attorney Jeanine Pirro, who is not relenting. Without Tillis's support, Warsh's nomination cannot advance out of the committee. If Warsh is not confirmed by May 15, Powell intends to serve as chair 'pro tempore' until the investigation concludes. However, President Trump has threatened to fire Powell if he assumes this interim role, potentially leading to a legal battle. 
