Trump Picks a Reinvented Warsh to Lead the Federal Reserve

• Senator Tom Tillis is blocking any Fed nominee until a federal criminal investigation into Jay Powell and the Fed is resolved.
• Tillis's position is critical due to the Republican's one-vote majority on the Finance Committee, which is the initial step for Fed nominations.
• While Kevin Warsh is considered a more 'orthodox Republican' who might otherwise gain easy approval, the ongoing investigation creates substantial political 'turmoil' and uncertainty.

The video discusses the potential nomination of Kevin Warsh as the next Federal Reserve Chair by Donald Trump and the significant political hurdles it faces in the Senate. A key challenge is Senator Tom Tillis's insistence on resolving an ongoing federal criminal investigation into Jay Powell and the Fed before considering any nominee.