Senate Delays Confirmation Hearing for Trump’s Fed Chair Nominee Kevin Warsh

Doohyun Hwang

Summary

Reuters reported that the Senate confirmation hearing for Kevin Warsh, whom President Donald Trump nominated as the next Federal Reserve Chair, has been delayed.
Reuters reported that the US Senate Banking Committee decided not to hold Kevin Warsh’s confirmation hearing next week as originally scheduled.
With all Democratic members of the Senate Banking Committee opposed, Republican Senator Thom Tillis is also maintaining his opposition to Warsh’s confirmation until issues surrounding the investigation into current Fed Chair Jerome Powell are resolved.

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The Senate confirmation hearing for Kevin Warsh, President Donald Trump’s nominee to chair the Federal Reserve, has been delayed, Reuters reported.

Reuters reported on Aug. 9 that the Senate Banking Committee had decided not to hold Warsh’s confirmation hearing next week as originally scheduled.

The committee is made up of 13 Republicans and 11 Democrats. With all Democrats opposed, the nomination cannot clear the committee if even one Republican votes against it.

Republican Senator Thom Tillis, a member of the Senate Banking Committee, has maintained his opposition to Warsh’s confirmation until issues surrounding the investigation into current Fed Chair Jerome Powell are resolved.