politics
Senate vote to confirm Kevin Warsh as Fed Chair scheduled for next week
Kevin Warsh’s confirmation vote to be the next Federal Reserve chairman is scheduled for Wednesday, April 29, according to a Senate banking committee notice.
TL;DR
- Kevin Warsh's confirmation vote as Federal Reserve chairman is scheduled for Wednesday, April 29.
- The Department of Justice dropped its investigation into Federal Reserve Chairman Jerome Powell concerning building renovations.
- The DOJ investigation was transferred to the Inspector General's office.
- Senator Elizabeth Warren expressed concerns that dropping the investigation does not sufficiently protect the Fed's independence.
- Warren also criticized the ongoing probe into Governor Lisa Cook and referred to Warsh as President Trump's "sock puppet."
- Warsh's confirmation is still expected to pass.