Treasury Secretary: Senate Finance Committee Agrees to Advance Warsh's Fed Nomination Hearing

Odaily News Treasury Secretary Bessant said on Friday that despite reservations from a key senator about the nomination, the Senate Finance Committee has agreed to move forward with confirmation hearings for President Trump's nominee, Warsh, to succeed as Fed Chair. Bessant stated: "I believe holding the hearing is crucial. Chairman Powell's term expires in mid-May, and anyone concerned about the integrity and independence of the Fed would want to see Kevin Warsh ensure continuity." (Jin10)