Warsh Faces Fed Confirmation Battle

President Trump has reignited his feud with the central bank, threatening to fire Powell if he does not resign when his term ends on May 15.

Republicans are urging the administration to end the probe to ensure a smooth handover, while Democrats warn that Warsh would act as a 'puppet' for the White House.

The standoff comes as the Fed grapples with war-driven inflation and a volatile bond market.

Market analysts are closely watching the proceedings, as the outcome will determine the future of U.S. monetary policy during a period of global economic instability.