*Walter Bloomberg
*Walter Bloomberg|Mar 27, 2026 15:27
WARSH FED CONFIRMATION STALLED AMID IRAN WAR AND POWELL DISPUTE Kevin Warsh’s nomination to replace Jerome Powell as Fed chair remains “at an impasse,” sources say. Sen. Thom Tillis won’t advance Warsh until the DOJ resolves its investigation into Powell’s $2.5B Fed renovation. Powell may stay on temporarily, potentially blocking Trump’s plans for lower rates. Wall Street fears heightened market volatility amid the Iran war if Fed leadership is uncertain. The White House pushes for swift confirmation, citing Warsh’s credentials, but Tillis remains firm, leaving the central bank’s future—and its response to rising inflation and energy shocks—in limbo.(*Walter Bloomberg)
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