Fed Chair Pick Kevin Warsh Meets with More Senators Amid Thom Tillis Blockade

Federal Reserve Chair Nomination Stalls Amid Senate Blockade

The nomination of Kevin Warsh as Federal Reserve chair has hit a roadblock in the Senate, with Senator Thom Tillis vowing to vote against sending his nomination to the full Senate. This development comes as a criminal probe of Jerome Powell, the current Federal Reserve chair, is pending.

Background on the Nomination

Kevin Warsh, a former member of the Federal Reserve Board of Governors, was nominated by President Trump to succeed Jerome Powell as Federal Reserve chair. Warsh has been a vocal advocate for monetary policy reform and has expressed concerns about the Fed's independence.

Senate Blockade

Senator Thom Tillis, a Republican from North Carolina, has announced that he will vote against sending Warsh's nomination to the full Senate. Tillis has expressed concerns about Warsh's views on monetary policy and his potential impact on the economy.

Impact on the Economy

The nomination of Kevin Warsh as Federal Reserve chair has significant implications for the US economy. The Federal Reserve plays a crucial role in setting monetary policy, and Warsh's views on interest rates and inflation could have a major impact on the economy.

What's Next

The fate of Warsh's nomination remains uncertain, with several senators expressing concerns about his views on monetary policy. The Senate will likely hold hearings on Warsh's nomination in the coming weeks, but it remains to be seen whether he will ultimately be confirmed as Federal Reserve chair.

Sources

[1] Fed chair pick Kevin Warsh meets with more senators as Thom Tillis blockade continues