"Kevin Warsh is a qualified nominee with a deep understanding of monetary policy,"
"Protecting the independence of the Federal Reserve from political interference or legal intimidation is non-negotiable."
"eminently qualified to serve"
"looks forward to working with the Senate to quickly confirm him and get the Federal Reserve back on track."
President Donald Trump nominated Kevin Warsh to be the next Federal Reserve chair. Senator Thom Tillis has vowed to oppose any confirmation until the DOJ's grand jury probe into current chair Jerome Powell is resolved. Tillis sits on the Senate Banking, Housing, and Urban Affairs Committee, which considers Fed nominees, giving him potential leverage to block Warsh if Democrats join his opposition. Tillis praised Warsh's qualifications while emphasizing that protecting the Fed's independence from political or legal intimidation is non-negotiable. The DOJ issued grand jury subpoenas related to recent Fed building renovations, and Powell called the probe pressure on monetary policy. The White House described Warsh as eminently qualified and urged quick confirmation.
Read at Business Insider
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