White House National Economic Council Director Kevin Hassett has voiced support for Jerome Powell potentially remaining in his role temporarily if the Senate fails to confirm a successor before his term ends in May. Hassett described this as a legally appropriate solution, ensuring continuity at the Federal Reserve during a sensitive economic period.
Meanwhile, U.S. President Donald Trump has nominated Kevin Warsh to take over as the next Fed Chair. However, the nomination faces political hurdles, as Republicans currently lack sufficient votes to move the process forward in the Senate Banking Committee.
Adding to the delay, Republican Senator Thom Tillis has stated he will hold off on advancing the nomination until the Department of Justice halts what he calls a “false” investigation into cost overruns related to the Federal Reserve’s building renovation project.
Despite the uncertainty, Hassett expressed confidence that Warsh will ultimately assume the role, signaling that discussions are ongoing about how to navigate the situation and ensure leadership stability at the central bank#WIF逆袭 $ETH
