Federal Reserve Chairman nominee Kevin Walsh submits financial disclosure documents

Federal Reserve Chairman nominee Kevin Walsh has submitted the required financial disclosure documents to the Senate, taking an important step towards the confirmation hearing, which could take place as early as next week. Additional questionnaire responses still need to be submitted to the Senate Banking Committee. The Trump administration plans to appoint Walsh before the end of current Chairman Powell's term on May 15th, but Senator Tom Tillis has stated that he will block final approval until the federal investigation into Powell is resolved, and the path to a full Senate vote remains uncertain.