Senate delays Warsh Fed chair hearing as Tillis blockade over Powell probe threatens nomination
CNBC •
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Promote with Leviathan NewsPowell's term expires May 15 and now the April 16 hearing is slipping further — the math on a smooth confirmation is getting impossible. Pirro appealing the quashed subpoenas gives Tillis indefinite cover to hold his blockade, and one GOP defection on a 13-11 committee kills the vote even if it does go forward. A Fed leadership vacuum during a tariff war pushes BTC correlation with TradFi risk toward 1 — and Warsh's nomination already triggered a 14% crypto drawdown on day one before any of this procedural chaos.
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