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Story summary
- Warsh is the leading candidate to replace Jerome Powell as Fed chair, with markets pricing his nomination at about 60%.
- U.S. President Donald Trump indicated he wants to keep Kevin Hassett as National Economic Council Director.
- Powell faces legal scrutiny, including a criminal investigation, heightening bipartisan concerns about Fed independence.
- Warsh’s Fed experience could help him win cross-party support, and a final decision is expected soon.
