Legal Appeal in Powell Probe Delays Warsh Nomination

The nomination of Kevin Warsh to lead the Federal Reserve remains stalled as a legal dispute involving the current chair, Jerome Powell, continues to unfold in the United States. U.S. Attorney Jeanine Pirro announced she will proceed with an appeal after a judge dismissed a grand jury investigation into Powell regarding renovations at the central bank. This legal maneuver effectively keeps the confirmation process for Warsh on hold, as key lawmakers refuse to advance the nomination while the probe remains active.