Trump’s Fed chief nominee faces hurdles as clock ticks on Powell’s term

Trump’s Fed chief nominee faces hurdles as clock ticks on Powell’s term

Trump has not yet formally nominated Kevin Warsh to replace Jerome Powell as head of the Federal Reserve, a delay that is unusual and adds uncertainty to the process amid worries about political influence on the central bank. The nomination timeline remains unclear as the clock ticks on Powell’s term. Warsh faces hurdles in securing confirmation and navigating the intense scrutiny surrounding Fed independence.