finance Feb 13, 2026

Senate should proceed with Warsh hearings for Fed chair despite Powell probe: Bessent

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CNBC Finance

1 min read
Key Points
  • The Senate should move to advance Kevin Warsh's nomination for Federal Reserve chairman, despite an ongoing criminal probe into Jerome Powell, Treasury Secretary Scott Bessent said.
  • Bessent told CNBC he believes Republicans on the Senate Banking Committee "are going to proceed" with a nomination hearing.

The Senate should move to advance Kevin Warsh, President Donald Trump's nominee for Federal Reserve chairman, even as a federal criminal investigation into current chair Jerome Powell continues, Treasury Secretary Scott Bessent said Friday.

Bessent, in an interview on CNBC's "Squawk Box," said he believes after speaking this week to Republicans on the Senate Banking Committee that they "are going to proceed" with a nomination hearing.

"I think it's important to get the hearings underway, and I think we have an agreement to do that," he said.

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Source: CNBC Finance

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