Warsh Nominated for Fed Chair, Path to Confirmation Unclear

President Donald Trump has formally nominated Kevin Warsh to serve as chair of the Federal Reserve’s Board of Governors, the White House said Wednesday in a statement.

Trump said Jan. 30 he had picked Warsh, a former Fed governor, to lead the US central bank when Jerome Powell’s term at the helm expires May 15. He’s been nominated to fill the board seat currently occupied by Fed Governor Stephen Miran.

Warsh’s path to confirmation in the Senate, however, faces significant hurdles.

Since the revelation in January that the Department of Justice was pursuing a criminal investigation into ...