Overview
- The Senate Banking Committee, which had penciled in an April 16 session, let Thursday’s notice deadline pass without scheduling a hearing because it still lacks Warsh’s required filings.
- Committee rules require a week’s public notice and completed nomination paperwork, including financial disclosures, before a hearing can be set.
- Warsh’s disclosures are unusually complex since he is married to Estée Lauder heir Jane Lauder, and his 2006 filing listed nearly 1,200 assets.
- Even if a hearing is set, Sen. Thom Tillis says he will oppose all Fed nominees until prosecutors end a criminal probe of Jerome Powell that U.S. Attorney Jeanine Pirro says will continue despite a judge quashing related subpoenas.
- Powell’s term as chair ends May 15, and he has said he will stay at the Fed until the investigation is resolved, which points to leadership continuity in the near term despite the White House’s public optimism.