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Story summary
- U.S. President Donald Trump nominates Kevin Warsh for Federal Reserve Chair on January 30.
- Sen. Thom Tillis (R-N.C.) withholds his vote until the Justice Department drops its investigation into Jerome Powell.
- If Warsh is not confirmed by May 15, Jerome Powell will serve as chair pro tempore.
- Analysts say Warsh may face inflationary pressures and a changing economy.
- The committee must reach consensus for effective policy-making.
