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Warsh's Fed Nomination Delayed Amid Scrutiny on Assets

4/22/2026

Summary

Story summary

Federal Reserve nominee Kevin Warsh faced Senate Democrats' scrutiny during a confirmation hearing on April 21, 2026.
Senator Elizabeth Warren challenged the divestment plan's specifics and the transparency of Warsh's holdings.
Warsh pledged to divest most assets to preserve independence if confirmed and would sell them within 90 days.
Tillis defended Warsh, saying he is not in ethics violation, and the confirmation would be postponed until Powell's investigation concludes.

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Story summary

Federal Reserve nominee Kevin Warsh faced Senate Democrats' scrutiny during a confirmation hearing on April 21, 2026.
Senator Elizabeth Warren challenged the divestment plan's specifics and the transparency of Warsh's holdings.
Warsh pledged to divest most assets to preserve independence if confirmed and would sell them within 90 days.
Tillis defended Warsh, saying he is not in ethics violation, and the confirmation would be postponed until Powell's investigation concludes.