Key US senator lifts block on Fed chair nominee Kevin Warsh

Key US senator lifts block on Fed chair nominee Kevin Warsh

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 Key US senator lifts block on Fed chair nominee Kevin Warsh
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Sen. Thom Tillis announced support for Kevin Warsh's nomination as Fed chair, removing a hurdle for Trump. Tillis criticized the investigation into Fed renovations, asserting it threatened Fed independence. The Senate Banking Committee plans to vote on Warsh's nomination, while Powell's term continues until January 2028. Trump expressed confidence in Warsh, despite ongoing scrutiny of Fed costs and investigations into perceived adversaries.

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