A post by @NickTimiraos on X.
Whether Kevin Warsh would have had a say in Trump's next Fed picks is now a moot question if a Democratic Senate won't confirm any. Past chairs leaned on lieutenants they helped choose. Warsh may have to work with the board he inherited.
@NickTimiraos on X
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Kevin Warsh may lose the chance to shape the Federal Reserve Board with his own appointees, since a Democratic Senate could block confirmation of any picks from a Trump administration. Past Fed chairs relied on lieutenants they helped select, but Warsh may instead have to work with the board he inherits. The dynamic matters because it could limit Warsh's influence over the Fed's direction if he takes the chair. What to watch next is whether Senate control and confirmation politics leave the next chair without the ability to install allied policymakers.
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Named in this story
Kevin Warsh, Federal Reserve, Donald Trump, Democratic Senate