President Donald Trump’s pick to chair the Federal Reserve has one big obstacle to overcome before he can be confirmed to the job: Trump.
The criminal inquiry from Trump’s Justice Department into Chair Jay Powell has all but frozen the nomination of former Fed Gov. Kevin Warsh to lead the U.S. central bank. Sen. Thom Tillis
(R-N.C.) continues to say he’ll use his seat on the Senate Banking Committee to deadlock the panel on any Fed nominations until the criminal probe is resolved.