How the Fed chair succession saga could become a real mess

The process to install Kevin Warsh, President Donald Trump’s nominee to succeed Federal Reserve Chair Jerome Powell, isn’t going smoothly, and it could get even more complicated.

After a monthslong search process, Trump finally announced his nomination on January 30. Nearly three months later, there still isn’t a certain path for Warsh’s confirmation to the role. For Warsh to become Fed chair, he needs to first be approved by the Senate Banking Committee. That hearing has finally been set for April 21. Then, he will need a final vote in the broader upper chamber.