Confirmation hearings for Federal Reserve chairs are usually staid, rubber-stamp affairs. Not this one.
Democrats and one key Republican from the Senate Banking Committee repeatedly attacked President Donald Trump; his pick for Fed chair, Kevin Warsh; and at times, both, in a fiery hearing that included questions about an undisclosed $100 million in investments, accusations of pressure from the White House … and lots of Seinfeld references.
The Republican-majority committee and broader Senate will nevertheless probably confirm Warsh. But an ongoing criminal investigation of current Fed Chair Jerome Powell and his oversight of an expensive renovation of the central bank is set to hold up