Trump’s Fed Pick Is Caught in Unprecedented Standoff

“Kevin Warsh’s path to leading the Federal Reserve took a key step forward this week—and possibly two steps back,” the Wall Street Journal reports.

“On the same day that the Senate Banking Committee announced the date of his confirmation hearing to become the next Fed chairman, prosecutors from U.S. Attorney Jeanine Pirro’s office sought to escalate the very investigation that threatens to delay his appointment.”

“Then, in a Fox Business interview that aired Wednesday morning, President Trump made a full-throated defense of the probe of Chair Jerome Powell related to the renovation of the Fed’s headquarters.”

“The confirmation faces a roadblock led by Sen. Thom Tillis (R-NC), who has vowed not to advance any Fed nomination until the Justice Department ends its probe.”