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Powell probe will get resolved, clearing the way for Warsh’s confirmation, key Republican senator says
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Why This Matters
Senate Banking Committee Chair Tim Scott expects the DOJ to resolve its probe of Jerome Powell, potentially clearing the way for Kevin Warsh's confirmation as the next Federal Reserve chief.
Market Impact
Market impact analysis based on bullish sentiment with 80% confidence.
Sentiment
Bullish
AI Confidence
80%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Senate Banking Committee Chair Tim Scott indicated Wednesday that he expects the Department of Justice will resolve its criminal probe of current Federal Reserve chief Jerome Powell, clearing a path for the panel to advance President Donald Trump’s nominee for the top Fed job, Kevin Warsh.
Original article published by
MarketWatch
on February 5, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.