Trending Now - GOP Senators Back Powell Amid Challenges for Warsh's Nomination
WHO:
Bloomberg - Kevin Hassett, White House National Economic Council Director
CNN - President Trump, Kevin Warsh, Jerome Powell, Senate Majority Leader John Thune, Republican Senator Thom Tillis
NBC News - Senator Kevin Cramer (R-N.D.), member of the Senate Banking Committee
WHAT:
NBC News - Senator Elizabeth Warren criticized Kevin Warsh's financial disclosure, stating it failed to disclose the full extent of his assets, which could include investments in prohibited financial institutions.
NBC News - Warsh's financial disclosure, filed on April 10th, 2026, revealed assets ranging from $135 million to more than $226 million for himself and $56 million to more than $95 million for his wife, Jane Lauder.
NBC News - Warsh's income for 2025, through the date of his disclosure in April 2026, ranged from $6.3 million to $11.4 million, including $10.2 million in consulting fees from Stanley Druckenmiller’s Duquesne Family Office.
Bloomberg - Kevin Hassett supports Jerome Powell’s plan to stay on at the Federal Reserve temporarily if a successor is not confirmed by the Senate.
CNN - Kevin Warsh, nominated by Trump in January 2026 to succeed Powell, is stuck in a Senate committee due to opposition from Senator Thom Tillis.
NBC News - Senator Cramer expressed confidence that Warsh will preserve the independence of the Federal Reserve.
WHERE:
CNN - The Senate Banking Committee, Washington D.C.
WHEN:
NBC News - Warsh faced the Senate Banking Committee at a confirmation hearing on April 21st, 2026.
Bloomberg - Powell’s term is set to expire in May 2026.
CNN - Warsh was nominated by Trump in January 2026.
WHY:
NBC News - Warren accused Warsh of mishandling the 2008 financial crisis during his tenure as a Fed governor from 2006 to 2011.
CNN - Tillis is blocking Warsh’s nomination due to an ongoing Justice Department investigation into Powell, which has produced no evidence of wrongdoing.
CNN - Senate Republicans are increasingly anxious about the confirmation process for Warsh.
HOW:
NBC News - Warsh stated that if confirmed, he would sell assets that could pose conflicts of interest, responding to Warren's inquiries about potential investments in companies affiliated with President Trump and Jeffrey Epstein.
CNN - The Senate Banking Committee, which has 13 Republicans and 11 Democrats, must approve Warsh’s nomination before it can go to the full Senate.
CNN - A committee discharge resolution could theoretically allow the full Senate to vote on Warsh’s nomination, but it faces significant procedural hurdles, including the need to invoke cloture.
(UPDATED April 23, 2026 05:44 UTC)
Senator Elizabeth Warren has criticized Kevin Warsh's financial disclosure, claiming it does not fully reveal the extent of his assets, which may include investments in prohibited financial institutions. Warsh's disclosure, filed April 10th, shows his assets ranging from $135 million to over $226 million, along with his wife's assets between $56 million and more than $95 million, while his income for 2025 was reported to be between $6.3 million and $11.4 million. During his confirmation hearing on Tuesday, Warsh responded to Warren's accusations regarding his handling of the 2008 financial crisis by stating that he would sell assets that could lead to conflicts of interest if confirmed.
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(UPDATED April 22, 2026 23:15 UTC)
Kevin Hassett, the White House National Economic Council Director, has voiced his support for Jerome Powell to remain at the Federal Reserve temporarily if a successor is not confirmed by the Senate. Kevin Warsh, nominated by Trump in January 20th26 to take over Powell's position, is currently facing delays in the Senate Banking Committee due to opposition from Senator Thom Tillis, who is blocking the nomination amid an ongoing Justice Department investigation into Powell that has found no evidence of wrongdoing. Senator Kevin Cramer expressed confidence that Warsh would maintain the independence of the Federal Reserve, but the committee, which consists of 13 Republicans and 11 Democrats, must first approve Warsh’s nomination before it can proceed to a full Senate vote, a process complicated by the need for a discharge resolution and the invocation of cloture.