Federal Reserve chair nominee Kevin Warsh's confirmation hearing has been delayed from its planned April 16 date. The Senate Banking Committee hasn't received required paperwork, including financial disclosures, which are particularly complex given Warsh's marriage to Estée Lauder heir Jane Lauder, whose net worth exceeds 1.9 billion dollars. The Trump administration aims to have Warsh replace Jerome Powell by mid-May, but the timeline now appears challenging. Additionally, Senator Thom Tillis is blocking the nomination until the Department of Justice drops its criminal probe into Powell. Committee rules require one week's notice before a hearing can proceed, meaning the process will extend further into April at minimum.
