Democrats press to delay Warsh Fed bid amid Powell and Cook probes
TL;DR Summary
Democrats on the Senate Banking Committee urged Chair Tim Scott to delay Kevin Warsh’s nomination to lead the Federal Reserve until DOJ investigations into Jerome Powell and Lisa Cook are resolved. Republican Sen. Thom Tillis has also vowed to block the nomination until Powell’s probe finishes, risking a committee deadlock given the 13 Republicans to 11 Democrats split.
Topics:business#federal-reserve#lisa-cook#politics#powell-investigation#thom-tillis#warsh-nomination
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