Kevin Warsh confirmed as Fed Chair by...?

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    "context_description": "President Trump formally nominated former Fed Governor Kevin Warsh to succeed Jerome Powell as Federal Reserve Chair on March 4, 2026, ahead of Powell's term expiration on May 15. The nomination faces a key hurdle in the Senate Banking Committee, where Republican Sen. Thom Tillis has placed a hold pending resolution of a DOJ investigation into Powell, stalling progress despite broad GOP support. Recent developments include a scheduled confirmation hearing in mid-April, potentially unlocking a floor vote if the probe concludes or Tillis relents. Traders weigh Senate dynamics, historical confirmation timelines for Fed nominees (typically 2-4 months), and risks of an acting chair scenario amid economic pressures, with Warsh viewed as a hawkish pick favoring tighter policy.",
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