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Trump's Fed Nominee Stalled by Investigation Blockade

2/28/2026

32 7 Full Breakdown

Summary

Story summary

U.S. President Donald Trump has not formally nominated Kevin Warsh to succeed Jerome Powell, the chair of the Federal Reserve.
Trump announced Warsh as his nominee four weeks ago to lead the Fed.
Republican Senator Thom Tillis has blocked any Fed nomination until a Department of Justice investigation into Powell concludes.
The White House says Warsh is qualified to lead the Fed.

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Story summary

U.S. President Donald Trump has not formally nominated Kevin Warsh to succeed Jerome Powell, the chair of the Federal Reserve.
Trump announced Warsh as his nominee four weeks ago to lead the Fed.
Republican Senator Thom Tillis has blocked any Fed nomination until a Department of Justice investigation into Powell concludes.
The White House says Warsh is qualified to lead the Fed.