"Federal Reserve Mouthpiece": Trump's Pick for Fed Chair Trapped in an “Unprecedented Deadlock”

```htmlJinse Finance reported that on April 16, Wall Street Journal reporter Nick Timiraos, often referred to as the "Federal Reserve mouthpiece," published a new article stating that Kevin Warsh took a crucial step forward this week on his path to becoming the next Federal Reserve Chair, but might also have fallen two steps back. On the same day that the Senate Banking Committee announced the date for his confirmation hearing as the next Federal Reserve Chair, prosecutors from the office of federal prosecutor Jeanine Pirro sought to escalate an investigation that could potentially hinder his appointment. Later, during an interview aired on Fox Business Channel on Wednesday morning local time, Trump fully defended the investigation into current chair Jerome Powell. This investigation involves the renovation project at the Federal Reserve headquarters. The nomination is being blocked by North Carolina Republican Senator Thom Tillis, who has vowed not to advance any Federal Reserve nominee’s proceedings until the Department of Justice ends the investigation. In the interview, Trump dismissed Tillis’s position as an empty threat from a senator about to retire, but also acknowledged that Tillis might not back down, causing further delays in Warsh’s confirmation. In this case, Trump stated that if Powell chooses to stay at the Federal Reserve after his term as chair ends on May 15, he would dismiss Powell. Powell remains eligible to serve as a member of the Federal Reserve Board through 2028.```