DOJ Ends Investigation, Paving Way for Warsh’s Fed Confirmation
- The Department of Justice concluded its investigation into Federal Reserve Chair Jerome Powell, clearing a major hurdle for Kevin Warsh’s confirmation as the next Fed leader.
- Senator Thom Tillis had blocked Warsh’s nomination until the probe was resolved, describing it as “bogus.”
- Warsh has disclosed holdings in multiple crypto projects, including Solana and Polymarket, during his confirmation proceedings.
- Prediction markets now show increased confidence in Warsh’s confirmation before May 15, with Kalshi pricing odds at 84% and Polymarket at 77%.
- Warsh opposes a Federal Reserve-issued central bank digital currency, calling it “bad policy.”
Source: Decrypt
Note: The DOJ’s decision has significantly boosted market confidence in Warsh’s confirmation as Fed Chair before Powell departs on May 15.
