Treasury Secretary Scott Bessent is urging the Senate to move forward with confirmation hearings for Kevin Warsh as the next Federal Reserve Chair, despite Republican Senator Thom Tillis' blockade due to a DOJ investigation into current Fed Chair Jerome Powell. Bessent believes the Senate should proceed with Warsh's hearings, emphasizing the importance of filling the position .$PIPPIN

Warsh, a former Fed governor, has been nominated by President Trump to replace Powell, whose term ends in May. However, the nomination faces resistance, with Senate Democrats demanding a delay until investigations involving Powell and Fed Governor Lisa Cook are resolved $DUSK

The Fed chair nomination is crucial, as it influences monetary policy and interest rates. Warsh's stance on inflation and rates has been hawkish, but he's recently advocated for lower rates .

DUSK

0.1092

-14.42%