Bessent suggests Warsh nomination hearings alongside Powell probe
The Fed chair confirmation faces a key hurdle as a senator vows to block the process until a DOJ investigation into Jerome Powell is resolved.
Update (Feb.9, 2026, 7:50 a.m. UTC): This article has been updated to clarify that Jeanine Pirro serves as the US attorney for the District of Columbia.
US Treasury Secretary Scott Bessent is calling on the Senate Banking Committee to proceed with confirmation hearings for Federal Reserve chair nominee Kevin Warsh, despite a standoff over an ongoing probe into current Fed chair Jerome Powell.
Speaking on Fox News’ Sunday Morning Futures, Bessent cited a recent pushback from Republican Senator Thom Tillis, who said he plans to delay confirmation of the next Fed chair until the Department of Justice probe into Powell is resolved.