Trump's Kevin Warsh Pick Blocked by Thom Tillis Over Federal Case

Donald Trump officially nominated Kevin Warsh to lead the Fed, sending the nomination to the Senate to replace Jerome Powell.Senator Thom Tillis vowed to block the confirmation until a federal criminal investigation into Jerome Powell's $2.5B renovation project is dropped.The probe, involving Senate testimony and office upgrades, follows intense pressure from the White House on the central bank to lower interest rates.Kevin Warsh, a former Fed governor and Stanford University fellow, faces a difficult path due to the narrow Republican majority in the Senate.