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Justice Department drops Powell probe, paving way for Warshs Fed nomination
The Justice Department has ended its criminal investigation into outgoing Fed chair Jerome Powell, clearing the path for President Trumps nominee, Kevin Warsh, to take over as the next Fed leader. Warsh, a fifty-five-year-old former Fed governor and current Hoover Institution fellow, faced mixed reactions during his confirmation hearing, with Republicans praising him and Democrats questioning his ties to Trump and views on interest rates. Senator Thom Tillis from North Carolina had threatened to block the nomination until the Powell probe concluded. With the investigation now closed, a faster Senate vote on Warsh is expected, keeping the focus on potential rate cuts under his leadership.
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California News Today | 2 Min News | The Daily News Now!

California News Today | 2 Min News | The Daily News Now!

California News Today | 2 Min News | The Daily News Now!