Overview
- The Senate Banking Committee scrapped plans for a Kevin Warsh hearing next week because it has not received his nomination paperwork.
- Committee rules require complete financial disclosures and at least one week of public notice before a hearing can be held.
- The holdup makes a near-term handoff unlikely, which keeps Jerome Powell in charge for now.
- Warsh’s disclosures could take extra time because past filings listed nearly 1,200 assets tied largely to his wife, Jane Lauder.
- Even after a hearing is set, Sen. Thom Tillis is refusing to advance Fed nominees until the DOJ drops its Powell probe, which U.S. Attorney Jeanine Pirro says will continue.