Who will vote to confirm Kevin Warsh as Fed Chair?Thom Tillis

[#Federal Reserve Chairman Says He Won't Be Trump's Puppet#, #Federal Reserve Chairman Warsh's Ambiguous Stance on Rate Cuts and Balance Sheet Reduction#, Fed Chair-designate Warsh Responds to Controversy] On the 21st Eastern Time, US President Trump's nominee for Federal Reserve Chairman Kevin Warsh participated in a hearing of the US Senate Banking Committee, responding to hot topics that have attracted much attention in the market. Regarding the issues most concerning to the market—whether he would comply with US President Trump's wishes for a significant interest rate cut and how to reduce the balance sheet—Wash gave a vague response, but emphasized that he would ensure the Fed's independence and would not be Trump's "puppet." However, his emphasis on independence seems to be paving the way for his proposed future "reform of the Fed." Furthermore, Republican Senator Thom Tillis remains committed to not supporting Warsh's nomination unless the Trump administration drops the criminal charges against current Federal Reserve Chairman Jerome Powell. Warsh's disclosures of his personal assets have also been questioned again. This adds further uncertainty to his chances of securing the nomination. [Link to webpage]

Ye ole: • • Kick it to a highly respected, blue-ribbon committee (congressional version) • • Key Republican senators appear to be coalescing around a plan that could end Sen. Thom Tillis’ blockade of Kevin Warsh’s nomination to chair the Federal Reserve. • • Tillis and Senate Banking Chair Tim Scott (R-S.C.) are floating a special Congressional committee to examine construction projects under the Banking panel’s jurisdiction that could replace a Justice Department probe into whether current Fed Chair Jerome Powell lied about cost overruns related to renovations of the central bank’s headquarters. Tillis has vowed to block Warsh’s nomination until the DOJ investigation is dropped.

Tough beat for Team Trump • • Sen Thom Tillis (R-NC), a pivotal vote in Banking Committee, says he’s still a NO on confirming Federal Reserve Board chair nominee Kevin Warsh, until Administration shuts down criminal probe of Jerome Powell

Republican Senator Thom Tillis of North Carolina is up next with some questions. He is playing a pivotal role in holding up Warsh’s nomination despite expressing his support for him to eventually become chair. Tillis has vowed to block any Fed nomination until the Justice Department drops its legal threats into Powell, which it launched over renovations at the central bank’s headquarters in Washington

KEVIN WARSH'S FED CHAIR CONFIRMATION HEARING STARTS AT 10 AM ET. • • WARSH CONFIRMATION SEEN AS DELAYED • • PREDICTION MARKETS PUT ONLY A 33% CHANCE THAT KEVIN WARSH IS CONFIRMED AS FEDERAL RESERVE CHAIR BY MAY 15, WHEN JEROME POWELL’S TERM ENDS, ACCORDING TO POLYMARKET AND KALSHI. • • THE DELAY RISK STEMS FROM OPPOSITION BY SENATOR THOM TILLIS, WHO IS BLOCKING NOMINATIONS PENDING A JUSTICE DEPARTMENT PROBE INTO POWELL. • • MARKETS STILL EXPECT EVENTUAL APPROVAL, WITH ODDS RISING TO 89% BY JULY. • - *WALTER BLOOMBERG ...

WARSH CONFIRMATION SEEN AS DELAYED • • PREDICTION MARKETS PUT ONLY A 33% CHANCE THAT KEVIN WARSH IS CONFIRMED AS FEDERAL RESERVE CHAIR BY MAY 15, WHEN JEROME POWELL’S TERM ENDS, ACCORDING TO POLYMARKET AND KALSHI. • • THE DELAY RISK STEMS FROM OPPOSITION BY SENATOR THOM TILLIS, WHO IS BLOCKING NOMINATIONS PENDING A JUSTICE DEPARTMENT PROBE INTO POWELL. • • MARKETS STILL EXPECT EVENTUAL APPROVAL, WITH ODDS RISING TO 89% BY JULY. • ...

WARSH CONFIRMATION SEEN AS DELAYED • • Prediction markets put only a 33% chance that Kevin Warsh is confirmed as Federal Reserve chair by May 15, when Jerome Powell’s term ends, according to Polymarket and Kalshi. • • The delay risk stems from opposition by Senator Thom Tillis, who is blocking nominations pending a Justice Department probe into Powell. • • Markets still expect eventual approval, with odds rising to 89% by July. •

Thune says "it would be better" if the Justice Department's investigation of the Fed "winds down," pointing to Sen. Thom Tillis's opposition to advancing Kevin Warsh's nomination until the investigation is ended or real evidence of criminal conduct is revealed.

Trump on Fox Business on Kevin Warsh nomination to lead the Fed and if he can be confirmed: We're going to have to find out. He might not, but • but that's why Thom Tillis is no longer a senator…He quit. Well, he's on his way out. Well, no, he quit. But he quit, and I think he doesn't want the legacy of stopping a great person who could be great. I think Kevin Warsh is going to be great, he doesn' want the legacy of having an incompetent guy stay there for longer than is necessary. I know Thom Tillis. He's a good man. I don't think he's going to hurt. I know he said what he said, and maybe it's true, in which case I'll have to live with it. But not as chairman. This guy is a bad chairman, really bad chairman. And I was surprised when Biden extended him

New — GOP Sen. Thom Tillis told me he still plans to block Trump's pick of Kevin Warsh to lead the Federal Reserve until DOJ drops its criminal probe into Powell. Comes as Warsh hearing is set for next week. • If he votes no, nomination would deadlock in committee if Dems vote NO

Thom Tillis refuses to budge on blocking Fed chair pick Kevin Warsh confirmation

Thom Tillis refuses to budge on blocking Fed chair pick Kevin Warsh confirmation

Sen. Tillis says he’s OK with Fed Chair nominee Kevin Warsh’s nomination process starting, Punchbowl reports. Though, Tillis notes that Warsh’s nomination may remain in committee “for some period of time,” as he’s vowed to block the nomination.

*TILLIS WON'T BACK CONFIRMATION WITHOUT FED PROBE RESOLVED: CBS

TILLIS WON'T BACK CONFIRMATION WITHOUT FED PROBE RESOLVED - CBS

O'Keefe: When the treasury secretary said there is a deal to at least hold confirmation hearings for Kevin Warsh to serve as next chair—is he misguided on that? Tillis: That's not a deal. That's a decision made unilaterally. The decision I get to make is whether or not I allow a…

TILLIS: WOULD SUPPORT WARSH AFTER POWELL PROBE IS SETTLED [Quoting @DeItaone] > REPUBLICAN SEN. THOM TILLIS: WARSH IS A GREAT PICK FOR THE FED

TILLIS: WARSH IS A GREAT PICK FOR THE FED

REPUBLICAN SEN. THOM TILLIS: WARSH IS A GREAT PICK FOR THE FED