White House National Economic Council Director Kevin Hassett has voiced support for Jerome Powell potentially remaining in his role temporarily if a successor is not confirmed by the Senate before his term ends in May. Hassett described this approach as a reasonable and legally sound solution to ensure continuity at the Federal Reserve.

Meanwhile, Donald Trump has nominated Kevin Warsh to replace Powell, but the nomination faces political hurdles. Republicans currently lack sufficient votes to move the process forward from the Senate Banking Committee to a full confirmation vote.

Thom Tillis has further complicated the situation by signaling a delay, citing concerns over what he calls a “false” investigation into cost overruns related to Federal Reserve building renovations. Despite the uncertainty, Hassett expressed strong confidence in Warsh’s eventual appointment, suggesting ongoing discussions will determine the next steps.#writetoearn $XRP

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