Trump's Fed Chair Battle: Warsh vs Powell

0:00It's April 21st. I'm Cory with the story. This is Dallas News Today, driven by AI. President Trump wants the boot-fed chair Jerome Powell and install Kevin Worsh instead, but Powell's term ends May 15th with no clear replacement. Insight. Worsh, a former Fed insider, needs Senate confirmation, and that's hitting a wall right now. The snag comes from a Justice Department probe into Powell over renovations at Fed headquarters. Senator Tom Tillis calls a week and says he won't back any nominees until his dropped. Prosecutors showed up unannounced last week, and a judge already killed some subpoenas. Powell plans to stay on his interim chair until Worsh gets approved, and he won't leave the board to the investigation wraps. Maybe not even then. Trump threatened to fire him last week if he hangs around too long, but firing Fed Bosses requires calls and courts are testing that now. The Senate Banking Committee holds Worsh's hearing Tuesday with a slim Republican edge that could deadlock. Experts flag June 17's policy meeting as the real deadline when markets need a steady hand without this cloud hanging over.

1:04White House insists Worsh's top notch and they're pushing hard for confirmation, but dropping the probe seems the cleanest path forward, or we might. See a legal showdown shaking things up.