Bessent told CNBC's "Squawk Box" he believes Republicans on the Senate Banking Committee "are going to proceed" with a Fed chair nomination hearing for Warsh.
Treasury Secretary Scott Bessent left the door open to suing Kevin Warsh as Fed chair in testimony to the Senate Banking, Housing and Urban Affairs Committee.
Sen. Thom Tillis told CNBC he is committed to blocking Kevin Warsh's confirmation as Fed chair unless the Trump administration ends its probe of Chair Powell.
The U.S. dollar strengthened, signaling the market's approval of Warsh's credibility and perceived autonomy, but safe-haven assets gold and silver plummeted.
The U.S. dollar strengthened, signaling the market's approval of Warsh's credibility and perceived autonomy, but safe-haven assets gold and silver plummeted.