Anonymousabout 5 hours ago
Kevin Warsh, Trump's nominee to replace Jerome Powell as Federal Reserve chair, is on the verge of Senate confirmation after the DOJ dropped its investigation of Powell and Sen. Thom Tillis lifted his block on the nomination. Warsh has pledged independence from the White House while proposing sweeping changes to how the Fed communicates and measures inflation, but his $192 million in disclosed assets, $13 million in annual consulting fees from Wall Street firms, and a policy record that critics say has shifted with the political winds raise questions about what kind of central bank he would lead.