GOP Senators Say Powell Probe ‘Waste of Time’ Amid Warsh Impasse

Republicans on the Senate Banking Committee are raising doubts over the Justice Department’s investigation into Federal Reserve Chair Jerome Powell, amid a threat by one member that could block President Donald Trump’s nominee to lead the central bank until the probe is resolved — or ended.

Senate Republicans, who have broadly applauded Trump’s nomination of Kevin Warsh to lead the Fed, increasingly view the probe as an unnecessary roadblock in a confirmation process that would otherwise be uneventful.

Yet the Trump administration’s attacks on the central bank under Powell’s leadership, which have escalated into a full-blown probe over ...