Senate should proceed with Warsh hearings for Fed chair despite Powell probe: Bessent

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The Senate Banking Committee is expected to proceed with a hearing for Fed chair nominee Warsh, despite an ongoing probe into current Fed chair Powell.

Market Impact

Market impact analysis based on neutral sentiment with 80% confidence.

Sentiment
Neutral
AI Confidence
80%
Time Horizon
Short Term

Article Context

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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.

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Original article published by CNBC on February 13, 2026.
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