The Justice Department has dropped its criminal investigation into outgoing Federal Reserve Chair Jerome Powell over the central bank’s renovation. The move clears a key hurdle for President Trump’s pick to replace Powell, Kevin Warsh. CBS News congressional correspondent Nikole Killion reports. Source link
Washington — Federal prosecutors are ending their criminal investigation into Federal Reserve Chairman Jerome Powell, U.S. Attorney Jeanine Pirro announced, clearing a key obstacle for the confirmation of President Trump’s pick to take over as head of the central bank’s Board of Governors. Pirro wrote on X that the Fed’s inspector general has instead been asked … Read more
Kevin Warsh, President Trump’s nominee to replace outgoing Federal Reserve Chair Jerome Powell, faced tense questioning from senators at his confirmation hearing on Tuesday. Here are some of the most notable exchanges. Source link
Kevin Warsh, President Trump’s nomination for chair of the Federal Reserve, told senators Tuesday that the central bank would remain “strictly independent.” CBS News’ Taurean Small reports on the hearing. Source link
IE 11 is not supported. For an optimal experience visit our site on another browser. Now Playing Tillis calls for Powell investigation to be ‘taken down’ at hearing for next Fed chair 05:20 UP NEXT Kevin Warsh says Federal Reserve faces ‘challenges and opportunities’ 06:50 Kennedy faces questioning on measles and preventative services at House … Read more
GOP Sen. Thom Tillis of North Carolina spent his time during the confirmation hearing for Kevin Warsh slamming the Justice Department’s “bogus investigation” into Federal Reserve Chairman Jerome Powell over renovation costs at the central bank’s headquarters. Tillis said he will block Warsh’s nomination until the Justice Department drops its investigation. Source link
IE 11 is not supported. For an optimal experience visit our site on another browser. UP NEXT Trump signs order to speed up review of psychedelic drugs for mental health treatment 03:14 High school principal crowned prom king after stopping gunman 01:12 New details about Louisiana gunman’s mental health 01:19 Close call in the air … Read more
Kevin Warsh, President Trump’s nominee to replace Jerome Powell as chair of the Federal Reserve, is set to face questions regarding his views on inflation, interest rates and other economic issues at a Senate Banking Committee hearing on Tuesday. A majority on the 24-member panel must vote in favor of Warsh’s nomination to advance it … Read more
President Donald Trump threatened to fire Federal Reserve Bank Chair Jerome Powell if he stays on the board after his leadership term expires next month — but also championed the federal investigation that could sideline his own pick for the job. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive … Read more
NEWYou can now listen to Fox News articles! President Donald Trump’s pick to lead the Federal Reserve is headed to the Senate next week, but Trump is worried that one Senate Republican could doom the confirmation process. Kevin Warsh is scheduled for his confirmation hearing before the Senate Banking Committee after his initial hearing set … Read more