Source: Fox News
Summary
President Donald Trump’s pick for Federal Reserve chair, Kevin Warsh, is set for a Senate confirmation hearing, but Senator Thom Tillis (R-NC) plans to block the nomination due to an ongoing investigation into current Fed Chair Jerome Powell. Trump expressed disappointment, stating that Tillis’ actions could doom the confirmation process. Tillis’ concerns are not with Warsh’s qualifications but with the investigation, which he believes is “bogus.” The Senate Majority Leader has spoken with the White House about halting the investigation to move forward with the nomination.
Our Reading
Once again, the discussion returns to a familiar question.
Trump’s nominee, Kevin Warsh, faces a Senate confirmation hearing, but Senator Tillis is determined to block the nomination.
Tillis’ concerns are not with Warsh’s qualifications but with the investigation into Powell’s testimony.
The Senate Majority Leader intervenes, speaking with the White House about halting the investigation.
Trump threatens to fire Powell if he’s not out by next month, while Tillis works to ensure Warsh doesn’t make it out of committee.
It’s a familiar dance, with each side waiting for the other to blink.
Author: Evan Null
