Politik·21.04.2026KI-Zusammenfassung Kevin Warsh Faces Confirmation Fight Over Fed Nomination Amid DOJ Investigation Controversy
Kevin Warsh, President Trump's nominee for Federal Reserve chair, faced a Senate confirmation hearing Tuesday amid controversy. GOP Sen. Thom Tillis is blocking the vote until the DOJ drops its investigation into the Fed and Chairman Jerome Powell. Warsh, formerly a rate hawk, now supports lowering interest rates, drawing criticism from Democrats who fear he'll bow to Trump political pressure. The 12-member rate-setting committee remains reluctant to cut rates until inflation approaches 2%, complicated by Iran conflict and rising gasoline prices.