DOJ Drops Powell Probe, Increasing Odds of Kevin Warsh's Federal Reserve Confirmation by Mid-May
The odds of Kevin Warsh being confirmed as Chairman of the Federal Reserve by mid-May have risen to 86% on prediction markets after the DOJ dropped its criminal inquiry into Jerome Powell. This development aligns with a key demand from Senator Thom Tillis, who had previously blocked the nomination until the probe ended. The confirmation is now more likely to proceed through the Senate Banking Committee.
Topics: Department of Justice Federal Reserve Jerome Powell Kevin Warsh Senate Confirmation Thom Tillis