00:00The Senate Banking Committee has scheduled an April 16th confirmation hearing for Kevin Warsh to replace Jerome Powell as Federal
00:07Reserve Chair, even as a criminal investigation into Powell runs on a parallel track. The probe centers on allegations that
00:15Powell lied to Congress about costly Fed office renovations. Charges Powell calls a political pretext to force interest rate cuts.
00:24A federal judge has blocked the government's subpoenas dealing a significant blow to the investigation.
00:30A key Republican holdout, Senator Tom Tillis, has vowed not to confirm Warsh until the probe is resolved, creating a
00:37direct obstacle to Trump's plans. The political stakes are high, with Fed independents increasingly in the spotlight as the Iran
00:45conflict drives up energy costs and reignites inflation concerns.
Comments