A contingent of Democratic senators on the Senate Banking Committee is calling for a halt to the nomination proceedings of [Insert Warsh’s Name Here, if known, otherwise use “a nominee”] to the Federal Reserve, demanding that any confirmation votes be postponed until ongoing investigations into Federal Reserve Chair Jerome Powell are concluded.
Calls for Postponement
The push for a delay comes as Senator Thom Tillis, R-N.C., has separately declared his intention to obstruct all Federal Reserve nominees, including [Warsh’s Name], until the Department of Justice resolves its criminal investigation into Chair Powell. Senator Tillis has explicitly stated, “We demand that you delay any nomination proceedings for Mr. Warsh until after the pretextual criminal investigations involving Chair Powell…”
Broader Opposition
Senator Tillis’s stance, articulated on the 3rd local time, signals a broader opposition to Federal Reserve appointments, indicating he will continue to block nominees until the investigation concerning Chair Powell reaches a resolution. The Democrats’ demand for a similar delay aligns with this sentiment, raising concerns about the potential for significant legislative hurdles for the Federal Reserve’s leadership appointments.
