Legal blocks on warrants may delay Kevin Warsh's appointment as Federal Reserve chair
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Noa Aldridge
Fed interest rate decision · Apr 9, 2026
Source: DojiDoji Data Terminal
The installation of a new Federal Reserve chief may be delayed by legal proceedings. A US judge last week upheld a block on warrants issued as part of a criminal investigation into current Chairman Jerome Powell led by US Attorney Jeanine Pirro. The ruling sets the stage for a likely appeal.
White House economic adviser Kevin Hassett stated he is confident Kevin Warsh will assume the role of Federal Reserve chairman in May, noting that a hearing for Warsh is likely to begin as early as next week. Hassett indicated that Powell has signaled his willingness to step down once a new chair is confirmed.
Powell has stated he will not leave the Federal Reserve until the investigation is concluded. The legal proceedings may delay the installation of a new Federal Reserve chief.
Fed interest rate decisionstablecoin US legislation
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