PresidentDonald Trump'spick to lead the Federal Reserve is headed to the Senate next week, but Trump is worried that one Senate Republican could doom the confirmation process.

Kevin Warsh is scheduled for his confirmation hearing before the Senate Banking Committee after his initial hearing set for this week was canceled. But his odds of moving to the next — and final — step of the process are low, given that Sen. Thom Tillis, R-N.C., plans to block him.

And Trump isn’t happy about it.

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When asked by Fox Business’ Maria Bartiromo about Warsh’s chances in the Senate, Trump said, \"We’re going to have to find out.\"

\"He might not, but that’s why Thom Tillis is no longer a senator,\" Trump said. \"He quit.\"

Tillis, despite announcing plans to retire from Congress at the end of his term this year, is still an active U.S. Senator and would have full voting rights if Warsh's confirmation comes up for a vote before January 2027.

Fox News Digital reached out to Tillis' office for comment on the president's latest comments.

The North Carolina senator has repeatedly clashed with the Trump administration ever since Tillis bucked his fellow Republicans in their pursuit of steep Medicaid cuts last year during the creation of the \"One Big Beautiful Bill.\"

That rebellious streak has continued as the Department of Justice probe into current Federal Reserve Chair Jerome Powell has progressed.

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Tillis’ beef isn’t with Warsh specifically — a point he has reiterated on several occasions — but with theDOJ’s investigation into Powell’stestimony last year about the Fed's renovation of its two historic main buildings on the National Mall.

\"I love the candidate. I won’t spend myfive minutes [in committee]asking him about his credentials, because he has them,\" Tillis said. \"I’ll spend five minutes talking about a bogus investigation that’s going to cause me to vote no, unless they end the investigation.\"

\"There’s no way to sugarcoat this,\" he continued. \"There’s one way out of the box, canyon, and they’ve got to decide whether or not they’re going to do it.\"

Prosecutors from U.S. District Attorney Jeanine Pirro’s officereportedly visitedthe Federal Reserve’s headquarters unannounced on Tuesday.

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Senate Majority Leader John Thune, R-S.D., has spoken with the White House about halting the investigation.

\"I think, at some point, they're gonna have to deal with the committee, they're gonna have to deal with Tillis,\" Thune said. \"And I think it's in everybody's best interest to wrap up the investigation.\"

Meanwhile, given the uncertainty surrounding his predecessor, Powell said he would stay on temporarily until a replacement is confirmed. But Trump said he would fire Powell if he wasn't out by next month.

Trump charged that Tillis wouldn’t \"want the legacy of stopping a great person who could be great.\"

\"I think Kevin Warsh is going to be great. He doesn’t want the legacy of having an incompetent guy stay there for longer than is necessary,\" Trump said. \"I know Thom Tillis. He’s a good man. I don’t think he’s going to hurt — I know he said what he said, and maybe it’s true, in which case I’ll have to live with it.\"

Tillis is working to make sure that, until the investigation is dropped, there’s no wayWarsh makes it out of committee.

\"I don’t think there’s any mechanism where he gets reported out of committee, but I’m already working to make sure votes will be held on the floor until we have a definitive answer,\" he said.

",{"_307":251,"_308":338,"_309":339},"1bfff7d7-2397-46ec-918c-5c96e28effcc",{"_27":338,"_40":340,"_253":341,"_42":342,"_278":343,"_314":-5,"_29":285,"_315":344,"_317":345,"_271":346,"_80":-5,"_82":117,"_232":347,"_307":251,"_335":360},"Fed nominee Warsh filings detail vast wealth, far exceeding past chairs","Federal Reserve nominee Kevin Warsh's financial disclosure forms reveal his wealth significantly surpasses that of recent Fed chairs, with combined holdings estimated potentially much higher than $192 million. His filings list numerous individual assets, though many are protected by confidentiality obligations and he has pledged to divest them if confirmed. A Senate Banking Committee hearing is scheduled, but his confirmation is uncertain due to a senator's pledge to block approval pending a federal criminal probe.","Kevin Warsh, nominee to lead the Federal Reserve, detailed his holdings in newly released financial disclosures.","https://image.cnbcfm.com/api/v1/image/108173283-1769775665192-108173283-1752755185343-Kevin1.jpg?v=1769775677&w=1920&h=1080","2026-04-14T12:01:23","https://www.cnbc.com/2026/04/14/federal-reserve-warsh-wealth.html","economy",{"_27":348,"_235":349,"_134":322,"_80":350,"_265":357,"_266":358,"_268":359},"fa55d9a7c3c5594be368ee04c8ae4de6a1764526d4ff778fd167cb222fd88982","dab99728eaea60f1432f8441e5ca63ba6cea1494f34d472e52395ad6df9c7bc5a766df1e83c49803c957bf082d908d401077d3d281c4b4f198356f01b39eafae",[351,352,353,355,356],[271,340],[44,343],[327,354,39,329],"30023:9c41d1165a76eda7abb3db9d665e67fdd23320dd1a8c6a65ff40a65935d667cc:1bfff7d7-2397-46ec-918c-5c96e28effcc",[262,263],[137,357,39],"9c41d1165a76eda7abb3db9d665e67fdd23320dd1a8c6a65ff40a65935d667cc","Fed nominee Warsh filings detail vast wealth, far exceeding past chairs\nKevin Warsh, nominee to lead the Federal Reserve, detailed his holdings in newly released financial disclosures.\n\n\nnostr:naddr1qvzqqqr4gupzp8zp6yt95ahd574m8kuave0x0lwjxvsd6x5vdfjl7s9xty6ave7vqqjrzcnxvenrweph95erxwfh956rvetr95unzwrr956kxwfkv5ersetxve3kxuc4xwf ",1776202826,"Kevin Warsh's wealth eclipses that of all recent Federal Reserve chairs, newly released financial disclosure forms show.\nWarsh is President Donald Trump's nominee to succeed Federal Reserve Chair Jerome Powell. His financial filings show that Warsh and his wife Jane Lauder have holdings of approximately $192 million, and potentially far more. Holdings in Warsh's name, separate from his spouse, total approximately $135 million to $226 million.\nNominees disclose their holdings to the Senate in broad ranges. Warsh's filings list holdings in two funds that are valued at over $50 million, without specifying an upper limit. Lauder holds several funds listed at over $1 million, with no upper limit.\nWarsh married Lauder in 2002. She sits on the board of Estee Lauder, the cosmetics firm founded by her grandmother. Forbes estimates her wealth at $1.9 billion.\nThe filings show Warsh is significantly richer than Powell, who, at the time of his 2018 confirmation, was thought to be the wealthiest Fed chair in history. Powell's most recent filing, for 2025, shows wealth between $19 million and $75 million.\nWarsh also disclosed $10 million in income from his work as an advisor to investor Stanley Druckenmiller, which Warsh has jokingly called his \"day job.\" He earned some $3 million over the past year in additional income from work for a handful of Wall Street firms and at Stanford University, where he is a fellow at the conservative Hoover Institution.\nWarsh's filings detail roughly 1,800 individual assets. Many individual items are identified as being subject to \"pre-existing confidentiality obligations\" that prevent him from specifying the underlying assets.\nWarsh in the filings pledges to divest these assets if confirmed.\nThe Senate Banking Committee will hold a confirmation hearing for Warsh next week on April 21.\nWarsh's path to a full Senate vote is still unclear, however. Sen. Thom Tillis, R.-N.C., has said he will block final approval of Warsh's candidacy until a federal criminal probe into Powell is resolved. Tillis is also a member of the Senate Banking Committee.\nTillis on Tuesday told reporters he still doesn't plan to vote for Warsh, since the investigation hasn't been concluded.\nWarsh's filings detail dozens of holdings in individual companies of undisclosed value. Among them are holdings in Polymarket, SpaceX, and several companies involved in cryptocurrencies. Warsh has said he worked on a venture-capital fund for Druckenmiller.\nWarsh's filings also indicate he will resign from board seats at shipper UPS and Coupang, a U.S.-based retail company that is the biggest online retailer in South Korea. He will also resign his positions at Stanford and other organizations.\nNot all past Fed chairs have been vastly wealthy. Earlier in his career, Warsh served a term as a Fed governor under then-Chair Ben Bernanke. When Bernanke stepped down from the Fed in 2014, his filings listed assets of, at most, $2.3 million — mostly in retirement funds.\nWarsh declined to comment.\nEmily Wilkins contributed reporting.",{"_307":251,"_308":362,"_309":363},"316a9082-4fb4-4ece-bd45-9d3bac09d49b",{"_27":362,"_40":364,"_253":365,"_42":366,"_278":367,"_314":-5,"_29":285,"_315":368,"_317":369,"_271":346,"_80":-5,"_82":117,"_232":370,"_307":251,"_335":383},"Fed Chair nominee Kevin Warsh is worth well over $100 million, new financial disclosure forms show","Kevin Warsh, President Trump's nominee for Federal Reserve chair, has a disclosed net worth exceeding $100 million, significantly greater than outgoing Chair Jerome Powell's minimum of $19.5 million. Warsh's financial disclosure form reveals hundreds of investments, including substantial holdings in the Juggernaut Fund LP and significant consulting fees from the Duquesne Family Office. If confirmed, Warsh plans to cease consulting for Duquesne and divest certain assets.","Updated on: April 14, 2026 / 12:53 PM EDT / CBS News","https://assets3.cbsnewsstatic.com/hub/i/r/2026/04/14/2a600c1d-3b3c-4c44-966b-6600b6c5a66e/thumbnail/1200x630g2/6439fbd5d0b0a38d759999bd45b72b6e/warsh2.jpg","2026-04-14T16:53:35","https://www.cbsnews.com/news/kevin-warsh-net-worth-fed-chair-nominee/",{"_27":371,"_235":372,"_134":322,"_80":373,"_265":380,"_266":381,"_268":382},"2aa2e62607c6dc5c4e32cc9cb14f49288d9c63c846e48fddd3785290b595f31a","af53e275d9f09357cbd003baed4171bb50c98a16cf8c5766673904d9c3fab51f967d469b0cce3fd9daebc3dfee6acf73c42680c3bba02efe6263e1c154dcd4d8",[374,375,376,378,379],[271,364],[44,367],[327,377,39,329],"30023:6759f7a309cd07f7abfe0c57ab4e0ff30ffcd68d9c744d403f22e2428df23738:316a9082-4fb4-4ece-bd45-9d3bac09d49b",[262,263],[137,380,39],"6759f7a309cd07f7abfe0c57ab4e0ff30ffcd68d9c744d403f22e2428df23738","Fed Chair nominee Kevin Warsh is worth well over $100 million, new financial disclosure forms show\nUpdated on: April 14, 2026 / 12:53 PM EDT / CBS News\n\n\nnostr:naddr1qvzqqqr4gupzqe6e773snng8774lurzh4d8qluc0lntgm8r5f4qr7ghzg2xlydecqqjrxvfkvyunqwpj956xvc35956x2cm9943xgdp495ukgvmzv93nqwtyxsukynf2yss ",1776269671,"Kevin Warsh, President Trump's nominee to be the next chair of the Federal Reserve, has a net worth exceeding $100 million, making him far wealthier than outgoing Fed Chair Jerome Powell, according to a new financial disclosure form.\nWarsh, who is set to step into the Fed chair role in May, listed hundreds of investments, including stakes in a range of startups, such as AI research company Hebbia. His biggest disclosed holding: more than $100 million invested across two positions in the Juggernaut Fund LP, a hedge fund connected to the Duquesne Family Office, the private investment firm of billionaire investor Stanley Druckenmiller.\nBy comparison, Powell's most recent financial disclosure form shows he is worth a minimum of $19.5 million, with his largest investments including S&P 500 index funds and a mutual fund focused on municipal bonds.\nIn the filing, which covers the prior 12-month period, Warsh disclosed that he earned $10.2 million in consulting fees from the Duquesne Family Office, representing his most lucrative consulting contract during that period. The filing states that Warsh will stop consulting for Duquesne if he is confirmed to the Fed role, as well as divest several holdings, including his Juggernaut Fund investment.\nWarsh, a former Fed official, has worked for think tanks such as the conservative-leaning Hoover Institution and has also taught at Stanford Business School. In 2011, Druckenmiller — who made his wealth with hedge funds such as George Soros' Quantum Fund — appointed Warsh to serve as a partner at the investor's Duquesne Family Office, where Warsh told Barron's he oversees the billionaire's \"small nest egg.\"\nWarsh, a graduate of Stanford University and Harvard Law School, is married to cosmetics heiress Jane Lauder, whose net worth is estimated at $2.5 billion by Forbes.\nPowell, who has led the Fed since February 2018 after being nominated for the top role by Mr. Trump during his first term as president, is set to step down in May 2026.",{"_307":251,"_308":385,"_309":386},"57349bb4-b815-48fc-a8df-b593cdc0ee41",{"_27":385,"_40":387,"_253":388,"_42":389,"_278":390,"_314":-5,"_29":285,"_315":391,"_317":392,"_271":346,"_80":-5,"_82":118,"_232":393,"_307":251,"_335":406},"Senate to hold Kevin Warsh Fed confirmation hearing next week","The Senate Banking Committee will hold a confirmation hearing for Kevin Warsh's nomination to lead the Federal Reserve next week. This comes amidst tension between the Fed and the Trump administration, with President Trump expressing dissatisfaction with current Fed policies. Senator Tim Scott believes a Justice Department investigation into Jerome Powell will conclude, potentially easing opposition from Senator Thom Tillis.","Senate Banking Committee Chairman Tim Scott (R-SC) announced that his committee will hold a confirmation hearing on Kevin Warsh’s nomination for chairman of the Federal Reserve next week.","https://www.washingtonexaminer.com/wp-content/uploads/2026/04/AP26059080027385.jpg?resize=1200,683","2026-04-14T13:44:46","https://www.washingtonexaminer.com/news/senate/4528054/senate-kevin-warsh-federal-reserve-confirmation-hearing-next-week/",{"_27":394,"_235":395,"_134":322,"_80":396,"_265":403,"_266":404,"_268":405},"60a699372b77bda2ca3ecdfc600253961b0da903ff72c9df92958565b48f400a","c1ff40b043a3c3df8f0e870ab08485bd8d3a4694fa054199a5e10d50dc3b5785f762c11d27f354eeba5ed585a5796541a0aae870c7405a764c47d3bb6559bba0",[397,398,399,401,402],[271,387],[44,390],[327,400,39,329],"30023:273e8bb9fd7425c0374f8baaf3104fc54a564adcca09161692dd60c903b72e26:57349bb4-b815-48fc-a8df-b593cdc0ee41",[262,263],[137,403,39],"273e8bb9fd7425c0374f8baaf3104fc54a564adcca09161692dd60c903b72e26","Senate to hold Kevin Warsh Fed confirmation hearing next week\nSenate Banking Committee Chairman Tim Scott (R-SC) announced that his committee will hold a confirmation hearing on Kevin Warsh’s nomination for chairman of the Federal Reserve next week.\n\n\nnostr:naddr1qvzqqqr4gupzqfe73wul6ap9cqm5lza27vgyl3222e9dejsfzctf9htqeypmwt3xqqjr2denxsukyc35943rsvf4956rsenr94snserx943r2wfnvdjxxvr9v56rz7c38cn ",1776188267,"Senate Banking Committee Chairman Tim Scott (R-SC) announced that his committee will hold a confirmation hearing on Kevin Warsh’s nomination for chairman of the Federal Reserve next week.\n\nWarsh, if confirmed, would replace Jerome Powell, who has faced ire from President Donald Trump for not doing more to cut interest rates.\n\n“Next week we’ll have a hearing with Kevin Warsh with him being present,” Scott said on Fox Business on Tuesday morning. “We’ll talk through the economy, talk through price stability and inflation. We’ll talk about the independence of the Fed.”\n\nThe confirmation hearing comes amid controversy between the Fed and the Trump administration.\n\nEarlier this year, in a video statement, Powell announced he was being investigated by the Justice Department for claims he made about the Fed headquarters renovation during congressional testimony. But he argued that the inquiry is an effort by Trump to influence interest rate policy.\n\nRetiring Sen. Thom Tillis (R-NC), a member of the banking panel, vowed to block Trump’s nominees to the Fed and whoever he nominates to replace Powell until the legal matter has concluded.\n\nScott on Tuesday said that he thinks the Justice Department will drop its investigation into Powell, which would allow Tillis to back off.\n\n“The second step, later on, we’ll have a vote on Kevin Warsh,” Scott said. “I believe that the DOJ will finish and wrap this up in the next several weeks, and Thom Tillis will be a ‘yes’ on Kevin Warsh.”\n\nWarsh will face a tricky job if confirmed. Inflation rose sharply in March, thanks in large part to higher oil prices, which have driven down the odds that there will be more interest rate cuts this year. At the same time, Trump is likely to push for lower interest rates.",{"_307":251,"_308":408,"_309":409},"f6359de1-8670-4d83-998b-9bb1866c1ba9",{"_27":408,"_40":410,"_253":411,"_42":412,"_278":413,"_314":413,"_29":285,"_315":414,"_317":415,"_271":39,"_80":-5,"_82":118,"_232":416,"_307":251,"_335":-5},"Fed nominee Kevin Warsh's disclosed wealth surpasses $100 million","Kevin Warsh's recently filed financial disclosures reveal his assets are valued at over $100 million. This amount surpasses the wealth of all recent Federal Reserve chairs. His nomination hearing to lead the central bank is anticipated next week.","Kevin Warsh's newly submitted financial disclosures show assets of well over $100 million, exceeding all recent Federal Reserve chairs, as his nomination hearing to lead the central bank is expected to take place next week.","https://twt-thumbs.washtimes.com/media/image/2026/01/30/Federal_Reserve_Kevin_Warsh_Profile_67977_s1440x965.jpg?cb729e1070d7b80dd6650f1b609adaa3cba5ddd1","2026-04-14T14:21:16","https://www.washingtontimes.com/news/2026/apr/14/fed-nominee-kevin-warshs-disclosed-wealth-surpasses-100-million/",{"_27":417,"_235":418,"_134":322,"_80":419,"_265":426,"_266":427,"_268":428},"1044e09bd34396721fadf61b3d2df6384a799db58e77b5c162c1611ab7521870","2b21cd8b4fb8b0309719cd680ccbf36b6f82c6964e4890443fc917deaad62725038a27f617b0e78fd4c066fee81dc2b1f879684dcae8bd87b468b24786f275ee",[420,421,422,424,425],[271,410],[44,413],[327,423,39,329],"30023:df280c155aaf9ef6d87135ea08453842ba3911d3054bbb9dc8321dcc530e9569:f6359de1-8670-4d83-998b-9bb1866c1ba9",[262,263],[137,426,39],"df280c155aaf9ef6d87135ea08453842ba3911d3054bbb9dc8321dcc530e9569","Fed nominee Kevin Warsh's disclosed wealth surpasses $100 million\nKevin Warsh's newly submitted financial disclosures show assets of well over $100 million, exceeding all recent Federal Reserve chairs, as his nomination hearing to lead the central bank is expected to take place next week.\n\n\nnostr:naddr1qvzqqqr4gupzphegps244tu77mv8zd02ppznss468ygaxp2thwwusvsae3fsa9tfqqjxvd3nx5ukgef395urvdes956xgwpn95unjwrz95ukyc338qmrvce3vfsnjcy42mf ",1776176476,[],"selectedArticleImage","rootArticleImageUrl","consensusHtml","tweets",[],"userSchema","relatedArticles",[310,363,409,339,386],"actionData","errors"]

Kevin Warsh's Net Worth Exceeds $100 Million, Disclosure Forms Show

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