U.S. Treasury Secretary Bessent: Suggests Holding Warsh Nomination Hearing Concurrently with Powell Investigation

Odaily News According to U.S. Treasury Secretary Scott Bessent, it is suggested that the nomination hearing for Kevin Warsh as Federal Reserve Chairman be held concurrently with the investigation into the current Chairman, Jerome Powell. Republican Senator Thom Tillis previously stated that he plans to delay the selection process for the next Federal Reserve Chairman until the Department of Justice concludes its investigation into Jerome Powell. Although Thom Tillis supports Kevin Warsh for the role of Federal Reserve Chairman, as a member of the Senate Banking Committee, he has repeatedly stated that he will block the nomination until the Department of Justice uncovers the truth to safeguard the independence of the Federal Reserve.