Trump Nominates Kevin Warsh for Fed Chair as Jerome Powell Probe Stalls Senate

Donald Trump nominated Kevin Warsh to lead the Federal Reserve as Senator Thom Tillis threatens to block the appointment until a DOJ investigation into Jerome Powell is resolved.The investigation involves allegations that Jerome Powell misled Congress regarding a $2.5 billion renovation of the headquarters of the central bank.While Canadian Prime Minister Mark Carney supported the choice, Senator Elizabeth Warren warned that the move undermines the independence of the institution.