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🔥🔥Trump's nomination faces internal party resistance! The appointment of the Federal Reserve Chair is in a deadlock, potentially delaying until 2027!🔥
A fierce confrontation within the Republican Party is unfolding in Washington—Trump's strongly pushed nominee Kevin Warsh for Federal Reserve Chair is facing tough interception from fellow Senator Thom Tillis!🚨
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Tillis publicly stated: Unless the current Chair Powell's alleged misconduct is thoroughly investigated, he will not allow the nomination process for Warsh to proceed. As a senior senator with a term until 2027, he insists that "principles come before party," even under public pressure from the president.
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In the Senate Banking Committee, the Republicans hold a slight edge of 13:11. If Tillis teams up with the Democrats, the nomination is likely to get stuck at the first hurdle. More critically, Democratic Senator Warren has further intensified the situation, demanding the investigation into Powell and Governor Cook be dropped, complicating matters further.
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The market generally assesses that the nomination landing in March is basically hopeless, and April will enter a fierce tug-of-war. If the deadlock continues, the Federal Reserve may face a "temporary leadership change," with Vice Chair Philip Jefferson possibly being pushed to the forefront to temporarily take on leadership duties.
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Although the president claims externally that "there are no issues with the nomination," he jokingly remarked in informal settings that "he might sue Warsh," adding more fuel to this contest. Political observers point out that this struggle could evolve into a long-term battle, with the nomination process potentially dragging on until 2027.
In this nomination storm, what do you think the outcome will be:
A. Compromise reached, Warsh takes office with difficulty
B. Deadlock continues, temporary chair acting
C. Complete change, script rewritten
The comment section awaits your predictions!👇 Leave your judgments and analysis.