Overview
- The Senate Banking Committee, which had penciled in an April 16 hearing, dropped the plan Thursday because it has not received Kevin Warsh’s required forms, pushing back any near-term leadership change.
- Committee rules require one week of public notice and completed financial disclosures before a nomination hearing can be scheduled.
- Warsh’s filing is complex, as past disclosures listed nearly 1,200 assets held largely by his wife, Estée Lauder heir Jane Lauder.
- Senator Thom Tillis is refusing to advance Federal Reserve nominees until the Justice Department ends its criminal probe of Jerome Powell, creating a separate Senate hurdle.
- A judge last week quashed subpoenas in that probe, and U.S. Attorney Jeanine Pirro said she will press ahead, which could further slow any change at the top as Powell’s chair term ends May 15.