Gipbudy

The confirmation hearing for Federal Reserve nominee Kevin Warsh, originally targeted for the week of April 13, has been officially delayed after the Senate Banking Committee canceled plans for next week's session. This setback stems from a mix of procedural and political hurdles: as of April 9, the committee had not yet received Warsh’s required background paperwork, pushing the earliest possible hearing date to April 21 due to notice requirements. More critically, Senator Thom Tillis (R-NC) continues to block the nomination, insisting that the Justice Department first conclude its criminal investigation into current Chair Jerome Powell regarding Fed headquarters renovations. With a razor-thin 13–11 Republican majority on the committee, Tillis’s opposition effectively stalls the process as the May 15 deadline for Powell’s term expiration rapidly approaches. #FedNomineeHearingDelay