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Trump's Fed Nominee Faces Delay Amid Ongoing Investigations

3/10/2026

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Summary

Story summary

U.S. President Donald Trump nominated Kevin Warsh to lead the Federal Reserve and he will meet Senators Thom Tillis and Kevin Cramer.
Tillis delays Warsh's confirmation due to Trump's criticisms and will not support Fed nominees until the DOJ ends its investigation into Jerome Powell, the current Chair of the Federal Reserve.
The Fed's rate is 3.5%–3.75% and officials expect to keep it steady amid oil disruptions from the Iran war.

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Story summary

U.S. President Donald Trump nominated Kevin Warsh to lead the Federal Reserve and he will meet Senators Thom Tillis and Kevin Cramer.
Tillis delays Warsh's confirmation due to Trump's criticisms and will not support Fed nominees until the DOJ ends its investigation into Jerome Powell, the current Chair of the Federal Reserve.
The Fed's rate is 3.5%–3.75% and officials expect to keep it steady amid oil disruptions from the Iran war.