Senate Democrats move to stall Trump’s ‘absurd’ bid to install new Fed chair | Federal Reserve

Democrats on the Senate banking committee urged their Republican leadership to postpone Kevin Warsh’s confirmation hearing, citing ongoing criminal investigations into Jerome Powell and Lisa Cook, both members of the Federal Reserve board. The Democrats argued that allowing Trump to appoint a new chair while these investigations are underway would be “absurd” and inappropriate. Elizabeth Warren, the committee's top Democrat, expressed concerns about Warsh’s potential influence on Fed decisions and his inclusion in documents linked to Jeffrey Epstein. The White House maintains its focus on confirming Warsh, highlighting his qualifications but facing opposition from within Trump’s own party.