U.S. Senate Banking Committee schedules hearing for Warsh's Fed Chair nomination on April 16

Odaily News: A source familiar with the matter told CNBC that the U.S. Senate Banking Committee will hold a hearing on April 16 to consider the nomination of Kevin Warsh for Federal Reserve Chair. Another criminal investigation surrounding the Federal Reserve is still ongoing, examining whether current Chair Powell made false statements to Congress regarding the expensive renovation of the Fed's office building. Warsh's nomination process continues to advance, which could lead to a conflict between the two parallel processes being pushed by the Trump administration. Banking Committee member Thom Tillis has already stated that he will not vote to confirm Warsh until the investigation concludes, meaning Trump cannot advance both processes simultaneously. However, by continuing to push forward with the hearing, Trump is clearly still attempting to achieve this goal. The Senate Banking Committee has not yet added the hearing to its public schedule. (Jin10)