Overview
- Trump, who vowed Wednesday to fire Jerome Powell if he stays past May 15, also refused to drop the renovation probe that a federal judge called pretextual.
- Sen. Thom Tillis says he will block Kevin Warsh until the DOJ backs off, leaving the April 21 Senate Banking hearing in doubt as GOP leaders urge the probe to end.
- Prosecutors from U.S. Attorney Jeanine Pirro’s office tried to tour the Fed’s renovation site Tuesday and were turned away after their subpoenas were quashed in March.
- Powell says he will serve as chair pro tempore if no successor is confirmed, a stance Trump says he will try to counter by firing him despite likely court fights.
- All 11 Democrats on the Banking Committee want the Warsh hearing delayed over the Powell and Lisa Cook investigations, and Sen. Elizabeth Warren says gaps in Warsh’s financial disclosures break Senate ethics rules.