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last mo.

Warsh Advances as Fed Chair Nominee in Party-Line Senate Panel Vote

Powell says White House legal pressure threatens the Fed’s independence during a tense handover.

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Der Wunschkandidat von Präsident Donald Trump für die Leitung der US-Notenbank Federal Reserve, Kevin Warsh, hat die erste Hürde in seinem Ernennungsprozess genommen. Der Bankenausschuss des Senats in Washington stimmte der Nominierung des 56-Jährigen zu.
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US-Präsident Donald Trump hat den Chef der US-Notenbank Federal Reserve, Jerome Powell, wegen dessen vorübergehenden Verbleibs bei der Fed scharf angegriffen. Powell hatte zuvor angekündigt, vorerst im Gouverneursrat der Fed zu bleiben.

Overview

  • The Senate Banking Committee approved Kevin Warsh’s nomination in a 13–11 party-line vote Wednesday, sending it to the full Senate.
  • Progress resumed after the Justice Department dropped renovation-cost probes targeting Jerome Powell and Lisa Cook on Friday, which led Senator Thom Tillis to lift his hold.
  • At his final press conference as chair, Powell called the administration’s legal actions unprecedented and said they threaten the Fed’s ability to set policy free of political pressure.
  • Powell said he will stay on the Fed’s Board after his term ends May 15 until the probes are clearly closed, an unusual but not unheard-of step that drew attacks from President Trump and criticism from Treasury Secretary Scott Bessent.
  • The Fed left its key rate unchanged at 3.5% to 3.75% under Powell’s lead, citing geopolitical risks including the Iran war and signs of strain in the job market.