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U.S. Treasury Secretary proposes that the nomination hearing for Waller be conducted simultaneously with Powell's investigation

💥Federal Reserve Chair selection is at a standstill! Treasury Secretary Yellen's significant proposal is to advance the nomination hearing for Waller, alongside the Department of Justice investigation into current Chair Powell🚨

Previously, Republican Senator Tillis has stated: while supporting Waller, he will delay the selection process until the Powell investigation is concluded, in order to maintain the independence of the Federal Reserve.

On one side, there's a push to expedite the nomination, while on the other, there is strong obstruction. The battle for power transition at the Federal Reserve is intensifying, and it may impact the direction of U.S. monetary policy!

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