WASHINGTON, April 9 (Reuters) – The U.S. Senate Banking Committee is no longer planning to hold a confirmation hearing for Kevin Warsh, U.S. President Donald Trump’s pick to run the Federal Reserve, next week, Punchbowl News reported on Thursday, citing two sources familiar with planning. As of late Thursday, the panel had not yet set […]
Politics
Senate committee delays Fed nominee’s hearing, Punchbowl reports
Audio By Carbonatix
WASHINGTON, April 9 (Reuters) – The U.S. Senate Banking Committee is no longer planning to hold a confirmation hearing for Kevin Warsh, U.S. President Donald Trump’s pick to run the Federal Reserve, next week, Punchbowl News reported on Thursday, citing two sources familiar with planning.
As of late Thursday, the panel had not yet set or announced a hearing date, which under its rules requires a five-day advance notice.
Hearings are almost exclusively held Tuesdays through Thursdays, making April 21 likely the earliest potential date for a Warsh nomination hearing.
The delay narrows the window for full Senate confirmation before current Fed Chair Jerome Powell’s leadership term ends on May 15.
Powell has said that should Warsh not yet be confirmed by then he would continue to serve as chair “pro tem.”
The committee did not immediately respond to a request for comment.
Punchbowl reported on March 29 that the hearing would be next week.
(Reporting by Jasper Ward in Washington; Editing by Daphne Psaledakis and Cynthia Osterman)