Warsh Fed Confirmation Odds Hit Low

The transition at the Federal Reserve has become increasingly contentious, with President Trump threatening to fire Chair Jerome Powell if he does not resign.

Treasury Secretary Scott Bessent has signaled that the Fed may need to hold rates steady as it awaits more data on the Iran war's economic impact.

Critics of Warsh argue that his appointment could compromise the central bank's independence and turn it into a 'puppet' for the White House.

The uncertainty has left markets guessing on the future of monetary policy as the May 15 deadline for a successor approaches.