Trump's pick for new Fed Chair to have confirmation hearing next week
Kevin Warsh, President Trump's nominee for Federal Reserve chair, will have a confirmation hearing next week. The hearing comes less than a month before current Fed Chair Jerome Powell's term is up on May 15, and Warsh's confirmation is contingent on the outcome of a criminal investigation into Powell.
The Senate Banking Committee will hold a confirmation hearing for Kevin Warsh next week. Warsh is President Trump's nominee for Federal Reserve chair. The hearing will cover topics such as the economy, price stability, and inflation. Warsh's confirmation is contingent on the outcome of a criminal investigation into current Fed Chair Jerome Powell. The investigation is nearing an end, according to Senate Banking Committee Chairman Tim Scott. If confirmed, Warsh will replace Powell, whose term ends on May 15.
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