Kevin Warsh’s path to becoming the next Federal Reserve chair is already rocky — and it may be approaching a major roadblock, casting fresh uncertainty about who will be leading the central bank at a critical moment for the economy.
Nearly two months have passed since President Donald Trump announced Warsh’s nomination, and with two months until Fed Chair Jerome Powell’s term as chair expires, no Senate confirmation hearing date has been set.
Two main factors have been standing in the way — and now, there may be a third.
On Thursday, Democratic Sen. Elizabeth Warren sent a letter to Warsh demanding more