Yes, thereâs still a way to get Warsh confirmed as Fed chair. But itâs tricky | CNN Business

President Donald Trumpâs choice to run the worldâs most powerful financial institution is stuck in a Senate committee. And the man holding the door shut is a Republican who says heâs not opposing the candidate, heâs opposing the president. Thatâs the blunt reality facing Senate Majority Leader John Thune as Republicans grow increasingly anxious about the end-game for one of the most consequential â and politically combustible â confirmation fights in recent memory. Kevin Warsh, whom Trump nominated in January to succeed Federal Reserve Chair Jerome Powell, canât get to the Fed without going through Republican Senator Thom Tillis, a key member of the Senate Banking Committee that approves all Fed nominations. And Tillis isnât budging on his vow to block the vote. Trump has one clear path to Warshâs confirmation: Order an end to the Justice Department investigation into Powell â a probe that has produced no evidence of wrongdoing. But Trump has refused, despite weeks of private pleas from Senate Republicans that have grown increasingly public as the calendar turns closer to the end of Powellâs term. Which is exactly what makes Thuneâs comments after Warshâ
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