Scott: Powell Not Criminal; Warsh Blockade in Play
TL;DR Summary
Sen. Tim Scott said Powell did not commit a crime during his Senate testimony and predicted Sen. Thom Tillis will drop his blockade of Kevin Warsh’s Fed chair nomination; Tillis has vowed to oppose Warsh until the DOJ probe into Powell ends. Scott criticized Powell as unprepared but insisted the inquiry does not imply criminal conduct, as Trump pressures the Fed on rate decisions and the investigation surrounding Powell’s testimony continues.
- Senate Banking Chair Tim Scott believes Fed Chair Powell committed no crime in testimony CNBC
- Tim Scott on DOJ probe into Powell: ‘I do not believe that he committed a crime’ in Fed HQ testimony Politico
- US Senator Scott, facing block on Fed chair nominee, says Powell is not a criminal Reuters
- Top Senate Republican says Federal Reserve’s Jay Powell has not ‘committed a crime’ Financial Times
- Key GOP Senator Says Powell Committed No Crime in Testimony Bloomberg.com
Reading Insights
Total Reads
0
Unique Readers
10
Time Saved
3 min
vs 4 min read
Condensed
90%
743 → 71 words
Want the full story? Read the original article
Read on CNBC