Tim Scott hopes Fed Chair Powell investigation 'goes away' to clear Kevin Warsh confirmation
Senate blocks Warsh nomination amid Powell investigation
Sen. Tim Scott, chair of the Senate Banking Committee, expressed his hope that the federal criminal investigation into Federal Reserve Chair Jerome Powell will conclude soon, allowing the Senate to proceed with the nomination of Kevin Warsh, President Trump's choice to succeed Powell. Scott emphasized that resolving the investigation is crucial for restoring the Federal Reserve's functionality, while Sen. Thom Tillis has pledged to block Warsh's nomination until the probe is resolved, citing the importance of Fed independence.
Key Takeaways
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Sen. Thom Tillis has vowed to block Kevin Warsh's nomination until the Powell investigation concludes.
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Tim Scott expressed hope that the investigation into Powell will end soon to allow for Warsh's confirmation.
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