{"id":41509,"date":"2026-04-05T03:11:06","date_gmt":"2026-04-05T03:11:06","guid":{"rendered":"https:\/\/foreignnewstoday.com\/?p=41509"},"modified":"2026-04-05T03:11:06","modified_gmt":"2026-04-05T03:11:06","slug":"kevin-warsh-needs-to-be-confirmed-as-fed-chair-in-order-to-avoid-an-economic-shutdown","status":"publish","type":"post","link":"https:\/\/foreignnewstoday.com\/?p=41509","title":{"rendered":"Kevin Warsh needs to be confirmed as Fed Chair in order to avoid an economic shutdown"},"content":{"rendered":"


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Kevin Warsh<\/a> would like to start as Fed chairman yesterday, but his nomination as the head of the central bank remains in limbo. <\/p>\n

The longer it does, the more the country\u2019s economy is at risk.<\/p>\n

With all that\u2019s going on in the world, oil prices rising and inflation looming, it\u2019s easy to forget that Warsh remains sidelined at a particularly vulnerable time for the US economy. <\/p>\n

The current Fed chair, Jerome Powell<\/a>, is of course a lame duck after butting heads with the president over interest rate policy, and President Trump has been doing all he can to remove Powell even before his term ends in May.<\/p>\n

Trump\u2019s moves to oust Powell \u2014 including a DOJ investigation into his testimony over the pricy rehab of the Fed\u2019s headquarters in DC \u2014 isn\u2019t sitting well with plenty of financial types and even GOPers, who worry it\u2019s both overblown and an affront to the central bank\u2019s long-held role as an independent agency that controls the money supply.<\/p>\n

Sen. Thom Tillis<\/a>, a ranking Republican from North Carolina on the Banking Committee, won\u2019t vote to move Warsh\u2019s nomination to a full Senate vote unless the Powell probe goes away. <\/p>\n