korapress
Feb 25, 2026

Trump’s Fed Chair Pick Moves Closer to Confirmation

THE WAR FOR THE FED: WARSH, POWELL, AND TRUMP’S ULTIMATE TAKEOVER

The Federal Reserve, long regarded as the untouchable fortress of American economic technocracy, is currently the site of the most vicious political trench warfare in Washington. On Wednesday, the Senate Banking Committee voted 13-11 along strict party lines to approve Kevin Warsh as the next chair of the Federal Reserve. The vote paves the way for Warsh to replace Jerome Powell, setting the stage for what could be the most profound ideological transformation of the central bank in modern history.

For President Donald Trump, the Warsh nomination is not just about personnel; it is about retribution and control. Powell has been a relentless target of the President’s ire, primarily over the Fed’s stubborn refusal to slash interest rates to the floor. Now, with Warsh moving closer to a full Senate confirmation expected next month—just under the wire before Powell’s term as chair ends on May 15—the Trump administration is poised to claim its biggest institutional prize yet.

The Ascendancy of Kevin Warsh

Kevin Warsh is no stranger to the labyrinthine corridors of the Eccles Building. A former top Fed official, Warsh has reinvented himself in recent years as one of the institution’s sharpest internal critics. He has publicly excoriated Powell’s leadership, famously arguing that the devastating inflation surge to 9.1% in 2022 was not merely a byproduct of pandemic supply chains, but the central bank’s most catastrophic policy failure in four decades.

To his Republican backers, Warsh is the ultimate corrective measure. Senator Tim Scott of South Carolina, the powerful Republican chair of the Banking Committee, lauded Warsh as a "battle-tested" leader capable of reversing course. “It is incredibly important that we break the bind of Bidenomics on households across this nation,” Scott declared.

For the Trump administration, Warsh promises a regime of "accountability, management, and sound policymaking." But to Democrats, the party-line vote signals the beginning of a highly politicized era where the central bank answers not to economic data, but to the Oval Office.

Powell’s Unprecedented Defiance

If Trump thought Jerome Powell would simply fade quietly into the private sector, he miscalculated. In a stunning and virtually unprecedented maneuver, Powell signaled during his Wednesday news conference—what was presumed to be his final meeting of the rate-setting committee as chair—that he will not resign from the central bank entirely. Instead, Powell intends to remain on the Federal Reserve’s Board of Governors after his term as chair expires.

This is a tactical masterstroke of bureaucratic resistance. By staying on the Board, Powell deliberately deprives President Trump of the opportunity to nominate a loyalist to fill a vacant seat.

The administration’s reaction was explosive. Treasury Secretary Scott Bessent, speaking with Fox Business host and former Trump economist Larry Kudlow, shredded Powell’s maneuver. "It is unusual for soon-to-be-former Fed Chair Jay Powell to stay on," Bessent argued, leaning heavily into the rhetoric of institutional decorum. "For someone who speaks so often of norms, his unilateral decision to stay flies in the face of tradition."

Adding insult to the administration's injury, Powell and the Fed decided on the very same day to leave interest rates frozen at 3.6 percent, once again directly defying Trump’s aggressive public demands for borrowing cost relief.

The Weaponization of the Justice Department

The battle over interest rates, however, pales in comparison to the legal warfare unfolding in the federal courts. The conflict reached a boiling point in March when a federal judge blocked an extraordinary effort by the Justice Department to issue grand jury subpoenas targeting the Federal Reserve Board itself.

U.S. District Judge James Boasberg, a jurist who has repeatedly clashed with the Trump administration, unsealed a blistering ruling that accused prosecutors of weaponizing the legal system to coerce the Fed Chair. The DOJ’s investigation, spearheaded by U.S. Attorney for Washington, D.C., Jeanine Pirro, ostensibly focused on Powell’s June 2025 testimony regarding a long-running renovation project at the Fed’s headquarters. Powell had previously decried the probe as a blatant attack on the central bank’s independence.

Judge Boasberg agreed. He ruled that prosecutors failed to present a shred of evidence that Powell had committed any crime. Boasberg’s conclusion was damning: the DOJ was engaging in a pressure campaign.

"Did prosecutors issue those subpoenas for a proper purpose? The Court finds that they did not," Boasberg wrote. "There is abundant evidence that the subpoenas’ dominant (if not sole) purpose is to harass and pressure Powell either to yield to the President or to resign and make way for a Fed Chair who will."

An "Activist Judge" and the Road Ahead

The Justice Department is not backing down. On Friday, U.S. Attorney Jeanine Pirro announced that the DOJ will aggressively appeal Boasberg’s ruling, framing the judicial roadblock as political interference.

"This process has been arbitrarily undermined by an activist judge," Pirro proclaimed, arguing that the ruling improperly shielded an unaccountable bureaucrat from legitimate prosecutorial scrutiny.

As Kevin Warsh prepares for his likely confirmation, the Federal Reserve finds itself caught in an unprecedented crossfire. On one side is a President and a Justice Department willing to shatter historical norms to bend monetary policy to their political will. On the other is an entrenched technocracy, led by a defiant Jerome Powell, digging in for a protracted siege.

The American economy hangs in the balance. The 13-11 vote for Kevin Warsh was merely the opening salvo; the true battle for the independence of the Federal Reserve has only just begun.

Judge Allows Trump, Co-Defendants To Pursue Millions In Fani Willis Legal Fees

TRUMP CLEARED TO PURSUE $17M AS FULTON COUNTY’S RICO HOUSE COLLAPSES

By Senior Investigative Correspondent

ATLANTA, GA — In the high-stakes arena of Georgia law, the hunter has officially become the hunted. Fani Willis, the once-defiant Fulton County District Attorney, suffered a staggering judicial defeat this week that could leave local taxpayers footing a nearly $17 million bill for what many are now calling a "prosecutorial catastrophe."

Judge Scott McAfee has formally denied Willis’s desperate attempt to intervene in ongoing litigation regarding the reimbursement of legal fees for Donald Trump and his co-defendants. The ruling effectively muzzles Willis, stripping her of any legal standing to block a financial reckoning that has been brewing since the 2024 collapse of her ambitious election interference case.

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