Story perspectives

Kevin Warsh's Fed Nomination Stalled Amid Powell Investigation

4/5/2026

Summary

Story summary

Kevin Warsh's nomination as chair of the Federal Reserve is stalled amid a criminal investigation into Jerome Powell.
Senator Thom Tillis will not support Warsh's confirmation until the probe is resolved.
U.S. President Donald Trump favors Warsh, criticizing Powell's handling of interest rates and politics.
Critics, including Senator Elizabeth Warren, warn Warsh could align with Trump's agenda.
The Senate Banking Committee plans a hearing on April 16, 2026.

1 of 1

Story summary

Kevin Warsh's nomination as chair of the Federal Reserve is stalled amid a criminal investigation into Jerome Powell.
Senator Thom Tillis will not support Warsh's confirmation until the probe is resolved.
U.S. President Donald Trump favors Warsh, criticizing Powell's handling of interest rates and politics.
Critics, including Senator Elizabeth Warren, warn Warsh could align with Trump's agenda.
The Senate Banking Committee plans a hearing on April 16, 2026.