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BumRushDaShow

(172,391 posts) Wed Apr 29, 2026, 10:50 AM Apr 29

Fed chief nominee Warsh clears key confirmation hurdle in Senate

Source: msn/Reuters

22m

WASHINGTON, April 29 (Reuters) - Kevin Warsh, U.S. President Donald Trump's pick to lead the Federal Reserve, cleared a key procedural hurdle on Wednesday, opening the way for him to succeed Jerome Powell in coming weeks amid the White House's unprecedented efforts to exert control over the world's most powerful central bank.

The Senate Banking Committee voted along party lines to advance Warsh's nomination to the full Republican-controlled Senate. All 13 Republicans on the panel supported Warsh after North Carolina Senator Thom Tillis dropped his opposition following the Department of Justice's decision on Friday to end a criminal investigation into Powell that Tillis viewed as a threat to the Fed's political independence.

The panel's 11 Democrats, who say they doubt Warsh's promise to set policy without regard to the president's wishes, voted against him.

The vote occurred as Powell leads what's likely to be his last policy-setting meeting as Fed chief. The policy-setting Federal Open Market Committee is universally expected to leave its benchmark overnight interest rate unchanged in the current 3.50%-3.75% range, given still-elevated inflation and upward pressure on prices from the disruption to global oil supplies due to the Iran war.

Read more: https://www.msn.com/en-us/news/politics/fed-chief-nominee-warsh-clears-key-confirmation-hurdle-in-senate/ar-AA220JwR?ocid=BingNewsVerp

6 replies

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Fed chief nominee Warsh clears key confirmation hurdle in Senate (Original Post) BumRushDaShow Apr 29 OP

Democrats should make hay from this. The guy is an Epstein pal and business associate. Midnight Writer Apr 29 #1

I am guaranteeing that within hours of Warsh being displacedvermoter Apr 29 #2

Tillis another addition to the garbage heap of history rurallib Apr 29 #5

As I have said in the past Miguelito Loveless Apr 29 #3

And hear it now: "The Fed Chair lied to us about his impartiality." Chasstev365 Apr 29 #4

And the Justice Department lied about indicting Powell. displacedvermoter Apr 29 #6

Midnight Writer

(25,764 posts)

1. Democrats should make hay from this. The guy is an Epstein pal and business associate.

Reply to BumRushDaShow (Original post)

Wed Apr 29, 2026, 11:07 AM

Apr 29

When asked if he had investments with Epstein, he refused to answer.

MAGA loves Trump, but even they hate Epstein. This looks like a political opening to me. We know the Republicans in the Senate will throw themselves on their swords for Trump.

displacedvermoter

(5,014 posts)

2. I am guaranteeing that within hours of Warsh being

Reply to BumRushDaShow (Original post)

Wed Apr 29, 2026, 11:09 AM

Apr 29

approved and/or sworn in Powell will be indicted again, ala Comey. This will be done both to continue Trump's vendetta against his enemies, as well as to embarrass Tillis, who will be another one on the long list of foes. Another weasel who is pretending to be honorable, too late in the day, and will get made to look like an idiot.

Mark my words ..

rurallib

(64,841 posts)

5. Tillis another addition to the garbage heap of history

Reply to displacedvermoter (Reply #2)

Wed Apr 29, 2026, 11:52 AM

Apr 29

Someone who almost took a meaningful stand

Miguelito Loveless

(5,932 posts)

3. As I have said in the past

Reply to BumRushDaShow (Original post)

Wed Apr 29, 2026, 11:13 AM

Apr 29

Thillis' "maverick" status was performative, not material. This vote was paid for by yet another six-figure board membership in some big Wall Street company.

Chasstev365

(8,147 posts)

4. And hear it now: "The Fed Chair lied to us about his impartiality."

Reply to BumRushDaShow (Original post)

Wed Apr 29, 2026, 11:27 AM

Apr 29

You think?

displacedvermoter

(5,014 posts)

6. And the Justice Department lied about indicting Powell.

Reply to Chasstev365 (Reply #4)

Wed Apr 29, 2026, 04:38 PM

Apr 29

I think so!

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