Senate Banking Committee Votes On Kevin Warsh Nomination
Fed chair nominee Kevin Warsh is undergoing a confirmation hearing to secure his position. The hearing occurred during the previous week in the United States. He has expressed discomfort with current forward guidance policies. A confirmation process is expected to occur within the next few days, potentially by Wednesday or Thursday. His ability to work with the FOMC and Fed Governors remains an unknown factor. North Carolina Republican Senator Tom Tillis has withdrawn his opposition to the vote. This follows an agreement by the Justice Department to end a criminal investigation into the Federal Reserve. Senator Tillis's change in position comes after the investigation was viewed as a White House pressure campaign. Jerome Powell's current term as Fed Chair expires in mid-May. This follows the conclusion of the current policy meeting where interest rates are expected to remain unchanged.
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Sources · 7 independent
“Fed chair nominee Kevin Warsh faces confirmation hearing”
“the hearing the confirmation hearing of President Donald Trump's nominee for the new chief of the Federal Reserve. In case you don't know his name is Kevin Warsh and he faced some pretty tough questions on Capitol Hill”
“the hearing the confirmation hearing of President Donald Trump's nominee for the new chief of the Federal Reserve. In case you don't already know his name is Kevin Wash”
“The Justice Department announced an end to the investigation last week. Speaking to NBC's Meet the Press, Tillis says he's satisfied. So this will allow Mr. Warsh to move on with his confirmation on time.”
“if it all goes well for him he should be on board as a new Fed chair by the end of the week so confirmation is I think in the next few days.”
“I certainly do think that Kevin will be confirmed, hopefully by May 15th when Chairman Powell's term expires. I think he's going to be a tremendous chairman of the Federal Reserve Bank.”
“Kevin Warsh, is set for a Senate panel confirmation vote.”
“The Senate Banking Committee is set to vote this morning on Kevin Warsh's nomination to be the next Fed Chair. North Carolina Republican Tom Tillis dropped his opposition to that vote”
“the Senate Banking Committee is expected to vote on President Trump's nomination of Kevin Warsh to be the next chair of the Fed.”
“the Senate Banking Committee is expected to vote on President Trump's nomination of Kevin Warsh to be the next chair of the Fed.”
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