fed chair nomination

Kevin Warsh Fed Chair Nomination Faces Confirmation Fight Over DOJ Investigation

Kevin Warsh, President Trump's nominee for Federal Reserve chair, faces a contentious confirmation hearing amid a DOJ investigation into the Fed and pressure from Trump to lower interest rates. GOP Sen. Thom Tillis threatens to block the vote until the DOJ drops its investigation into the central bank, which Fed Chair Jerome Powell calls an intimidation campaign. Warsh's past hawkish stance has shifted to support lower rates tied to AI productivity gains, drawing criticism from Democrats who question his independence.