Kevin Warsh's Fed nomination stalls amid Powell probe, but hearing set for next week with expected GOP support.

Kevin Warsh, nominated by President Trump to lead the Federal Reserve, faces delays in his confirmation due to a criminal probe involving current Chair Jerome Powell. Despite opposition from Sen. Thom Tillis, who wants the investigation resolved first, a confirmation hearing is scheduled for next week. Warsh, a wealthy former Fed governor with a background in law and finance, is expected to receive broad Republican support. The nomination comes amid significant challenges for the Fed, including legal scrutiny and economic pressures.