00:00It's Benzinga bringing Wall Street to Main Street.
00:02The Senate Banking Committee will hold a nomination hearing on April 16th for Kevin
00:07Warsh to serve as the next Federal Reserve chair, according to CNBC. The nomination is advancing
00:12while a criminal probe into the Fed continues, creating tension between the two processes.
00:17Senator Tom Tillis said he will not support Warsh until the probe is resolved,
00:22while President Trump is pushing for confirmation. The investigation centers on allegations that Fed
00:27Chair Jerome Powell misled Congress about renovation costs, which Powell denies.
00:32A federal judge blocked subpoenas tied to the probe, and prosecutors plan to appeal.
00:36Lawmakers have raised concerns about Warsh's independence.
00:39For all things money, visit Benzinga.com.
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