President Donald Trump on Wednesday officially nominated Kevin Warsh to be the next chairman of the Federal Reserve.
Warsh, if confirmed by the Senate, would replace Fed Chairman Jerome Powell, for a four-year term.
Trump’s nomination was transmitted to the Senate, the White House said in a statement posted online on Wednesday.
That transmittal came more than a month after Trump first publicly announced he wanted Warsh as the Fed chairman.
Sen. Thom Tillis, a North Carolina Republican, has said he would block Warsh’s nomination from proceeding in the Senate until a federal criminal investigation of Powell by the U.S. Attorney’s Office in Washington, D.C., is dropped.
