Democrats on the Senate Banking Committee are splintered over whether to meet with Federal Reserve chair nominee Kevin Warsh as the Department of Justice doubles down on its criminal probe of current Chair Jay Powell.
The divide underscores the political challenge facing Democrats as President Donald Trump continues his campaign to control the Federal Reserve.
Banking’s top Democrat, Sen. Elizabeth Warren (Mass.), believes committee members shouldn’t be participating in the confirmation process at this point. That hasn’t stopped some of her Democratic colleagues.
