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News Wire / politics

Senate Banking Committee Clears Warsh Nomination

WAMU 88.5 DC Washington, D.C. 41d41d Impact 8

The Senate Banking Committee has approved President Trump's nominee to replace Jerome Powell. The vote proceeded on a strict party line. Warsh has denied allegations regarding threats to the independence of the U.S. He must now face a final confirmation vote. A commentator stated that suggesting Kevin Warsh is the only nominee capable of maintaining the integrity of the Federal Reserve is an insult to other nominees including Mickey Bowman and Chris Waller. The source noted that Treasury Secretary Scott Bessent has previously testified before the Senate regarding the 2027 budget. Republican Senator Tom Tillis had been holding up the process until the Department of Justice agreed to drop a criminal probe into Powell's handling of renovations at Fed headquarters. The chair is scheduled for May 15th.

The Senate Banking Committee has approved President Trump's nominee to replace Jerome Powell. The vote proceeded on a strict party line. Warsh has denied allegations regarding threats to the independence of the U.S. He must now face a final confirmation vote. A commentator stated that suggesting Kevin Warsh is the only nominee capable of maintaining the integrity of the Federal Reserve is an insult to other nominees including Mickey Bowman and Chris Waller. The source noted that Treasury Secretary Scott Bessent has previously testified before the Senate regarding the 2027 budget. Republican Senator Tom Tillis had been holding up the process until the Department of Justice agreed to drop a criminal probe into Powell's handling of renovations at Fed headquarters. The chair is scheduled for May 15th. Federal Reserve Chairman Jerome Powell spoke about his immediate future and potential replacement following a meeting where the Fed left key interest rates unchanged for a third consecutive time. Warsh must still clear a final confirmation vote to become Fed governor after his term expires. The process aims to ensure the central bank can conduct monetary policy without political influence. Warsh described the current period as a critical moment involving structural weakness in the US dollar and high public debt.

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Sources · 7 independent

WAMU 88.5 DC

“the Senate Banking Committee OK'd President Trump's pick to replace Powell.”

WAMU 88.5 DC

“morning, the Senate Banking Committee OK'd President Trump's pick to replace Powell.”

NPR

“This morning, the Senate Banking Committee OK'd President Trump's pick to replace pal Kevin Warsh.”

NPR

“Senate Banking Committee OK'd President Trump's pick to replace pal Kevin Warsh.”

WTOP Washington DC

“the Senate banking committee voted also on party lines to approve Kevin Warsh as the next chair of the Federal Reserve.”

CNR Economic Voice

“參議院銀行委員會以13票贊成11票反對的投票結果 同意將臥石的美聯儲主席提名 提交參議院進行全體表決”

CNR Economic Voice

“美國參議院銀行委員會 以13票贊成11票反對的投票結果 同意將臥石的美聯儲主席提名 提交參議院進行全體表決”

CNR Economic Voice

“美國參議院銀行委員會 以13票贊成11票反對的投票結果 同意將臥石的美聯儲主席提名 提交參議院進行全體表決 委員會中11名民主黨成員當天均投下反對票”

CNR Economic Voice

“當天 美國參議院銀行委員會 以13票贊成11票反對的投票結果 同意將臥石的聯儲主席提名 提交參議院進行全體表決”

CNR Economic Voice

“當天 美國參議院銀行委員會 以13票贊成11票反對的投票結果 同意將臥石的美聯儲主席提名 提交參議院進行全體表決 委員會中11名民主黨成員當天均投下反對票 理由是懷疑臥石能否不受總統特朗普干擾 制定貨幣政策”

NBC News Radio

“The Senate Banking Committee voted to advance Kevin Warsh's nomination on Wednesday.”

NBC News Radio

“President Trump's pick to be the next Federal Reserve chair has cleared his first Senate hurdle before his final confirmation vote. The Senate banking committee voted to advance Kevin Warsh's nomination on Wednesday on a strict party line vote.”

Bloomberg Radio

“one chair of the Federal Reserve Board when Kevin Warsh is conferring”

Bloomberg Radio

“I think it is an insult to Kevin Warsh, Mickey Bowman, and Chris Waller, to think that these other Republican nominees do not care about the institution of the Fed, and that he alone can maintain the integrity of the Fed.”

NBC News Radio

“The Senate Banking Committee voted to advance Kevin Warsh's nomination on Wednesday on a strict party line vote. Warsh's confirmation came down to one man, Republican Senator Tom Tillis.”

WLS-AM 890 Chicago

“Hours after the Senate Banking Committee sent Kevin Warsh's nomination as the next Fed Chair to the full Senate. 13 in favor and 11 opposed.”

WLS-AM 890 Chicago

“Hours after the Senate Banking Committee sent Kevin Warsh's nomination as the next Fed Chair to the full Senate.”

NBC News Radio

“The Senate Banking Committee voted to advance Kevin Warsh's nomination on Wednesday on a strict party line vote.”

WLS-AM 890 Chicago

“as the next Fed Chair to the full Senate. my term is. not happened in nearly 80 years”

WLS-AM 890 Chicago

“as the next Fed Chair to the full Senate.”

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