Trump’s Fed chair nominee Kevin Warsh just hit a major speed bump — his Senate confirmation hearing has been delayed.
Originally locked in for April 16 in front of the Senate Banking Committee, the hearing is now off the calendar. Reason? The committee still hasn’t received the full financial disclosure and ethics paperwork from Warsh. Five-day notice rule means April 21 is the earliest possible new slot.
This isn’t total drama — sources say the team is rushing to submit everything and a hearing is still expected “soon.” But every week of delay keeps Jerome Powell in the chair longer and adds uncertainty to the Fed’s direction.
Markets hate Fed limbo. Rate cut expectations, dollar strength, and risk appetite all stay in flux while this drags. Crypto and equities already feeling the macro fog from hot CPI, oil shocks, and now slower leadership transition.
Powell stays in control for now. Warsh’s pro-growth, crypto-friendly leanings stay on ice. The longer this drags, the more volatility we eat.
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