Scott Bessent Urges Senate to Advance Warsh's Fed Chair Hearing Amid Powell Probe

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CNBC TV18•13-02-2026, 19:54
Scott Bessent Urges Senate to Advance Warsh's Fed Chair Hearing Amid Powell Probe
- •US Treasury Secretary Scott Bessent advocates for Kevin Warsh's Federal Reserve chairman nomination hearings to proceed.
- •This comes despite an ongoing criminal investigation into current Fed Chair Jerome Powell.
- •Senator Thom Tillis opposes Warsh's confirmation, demanding the DOJ drop its probe into Powell.
- •The investigation, led by Jeanine Pirro, concerns Powell's testimony on Fed headquarters renovation cost overruns.
- •Bessent clarified the White House has no influence on the US Attorney for D.C.'s actions regarding the probe.
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