GOP Pushes Trump Fed Pick Amid Economic Fears
Following the Justice Department’s announcement to drop its criminal probe into Fed Chair Jerome Powell, Republicans on the Senate Banking Committee have scheduled a vote to advance President Trump’s nominee, Kevin Warsh. This move has drawn sharp criticism from Democrats like Senator Elizabeth Warren, who argues the DOJ’s decision was timed to facilitate Warsh’s confirmation and suggests Warsh would be beholden to President Trump. Critics also point to Warsh’s refusal to acknowledge the 2020 election results and his opaque financial disclosures as reasons to doubt his independence.
John Q. Hosedrinker