A statement released via the U.S. Senate Committee on Banking, Housing and Urban Affairs criticised a U.S. Department of Justice announcement and called on the Senate not to proceed with the nomination of Kevin Warsh as Chair of the Federal Reserve, portraying it as part of President Donald Trump’s attempt to take control of the central bank. The statement alleged the Justice Department was threatening to restart a criminal investigation into Federal Reserve Chair Powell while not dropping a criminal probe involving Governor Cook, which it characterised as baseless. It argued these steps were intended to clear the path for Warsh’s appointment and warned that attempts to influence the Federal Reserve were ongoing.
U.S. Senate Committee on Banking, Housing and Urban Affairs 2026-04-24
U.S. Senate Committee on Banking, Housing and Urban Affairs urges Senate to halt Kevin Warsh Fed Chair nomination amid claims of DOJ pressure on Powell and Cook
The U.S. Senate Committee on Banking, Housing and Urban Affairs released a statement criticising a U.S. Department of Justice announcement and urging the Senate not to proceed with the nomination of Kevin Warsh as Chair of the Federal Reserve, calling it part of President Donald Trump’s attempt to take control of the central bank. The statement alleged the Department of Justice was using criminal investigations involving Federal Reserve Chair Powell and Governor Cook to clear the way for Warsh’s appointment and warned that efforts to influence the Fed were ongoing.