Trump Nominates Kevin Warsh for Fed Chair Amid Powell Investigation Controversy

Published: Mar 8, 2026 00:02

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US President Trump has formally nominated Kevin Warsh to serve as the next Fed Chairman. Once approved by the Senate, Warsh will replace incumbent Chairman Powell and begin a four-year term. Next, the nomination will proceed to hearings before the Senate Banking Committee; however, because Powell is under criminal investigation, Republican Senator Tillis may block the nomination from moving to the review process.

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