Kevin Warsh's Fed Nomination Stalls Amid Senate Hearing and Epstein Ties Inquiry
Kevin Warsh, nominated by President Trump to lead the Federal Reserve, faced a contentious Senate confirmation hearing. The hearing highlighted tensions between the White House and the Federal Reserve, particularly as a Justice Department investigation into current Fed Chair Jerome Powell continues. Warsh's nomination is stalled due to opposition from all Democrats and Republican Senator Thom Tillis, who is withholding his vote until the investigation into Powell is resolved. During the hearing, Warsh was questioned about his financial holdings, including over $100 million in undisclosed investments, and his potential ties to Jeffrey Epstein. Warsh denied any wrongdoing and committed to selling his financial assets if confirmed.