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Story summary
- U.S. President Donald Trump nominates Kevin Warsh to replace Jerome Powell, the Federal Reserve chair.
- Senator Thom Tillis opposes advancing Warsh's nomination until the Trump DOJ drops Powell investigation, as pressure grows on him.
- Powell may remain chair if Warsh is not confirmed, risking a clash over policy.
- Wall Street executives warn the Fed's stability amid rising gas prices and political tensions.
