POWELL ANGRY AT BESSENT — WARSH HEARINGS RUSHED, “IF I GET REMOVED, IT WON’T END WELL!” ⚡🇺🇸🔥:
Treasury Secretary Scott Bessent is urging U.S. senators to move ahead with Kevin Warsh’s nomination hearings for Federal Reserve Chair, despite Republican resistance tied to the ongoing DOJ probe into Jerome Powell, Bloomberg reports.
In simple terms: Bessent wants the process to continue, saying Warsh already has broad support and delaying the hearings is unnecessary. The GOP, however, is trying to block the nomination, arguing that Powell’s investigation makes any leadership change too risky right now.
This is huge because it signals a potential power struggle at the Fed. While Powell is under scrutiny for his actions, Warsh’s nomination could shift U.S. monetary policy direction — affecting interest rates, markets, and the economy. Investors and policymakers are watching closely, knowing that any delay or sudden approval could create major market volatility.
The tension here is clear: Will the Fed stay steady under Powell, or is Warsh about to take the reins in the middle of a storm? The next few weeks could decide the future of U.S. economic policy — and nobody can afford to look away.