Democratic senators are calling for a pause in Walsh's nomination process until the Justice Department concludes its investigation into current Chairman Powell.

Odaily Planet Daily reports that Massachusetts Democratic Senator Elizabeth Warren expressed several concerns on Friday regarding Trump's decision to nominate Kevin Warsh. As the ranking Democrat on the Senate Banking Committee (and the first hurdle in Warsh's confirmation process), Warren questioned whether Warsh could lead the Federal Reserve without White House influence. "Trump has stated that anyone who disagrees with him cannot become Fed Chair," Warren said in a statement. "Former Fed Governor Kevin Warsh—who was more concerned with helping Wall Street than with millions of unemployed Americans after the 2008 financial crisis—has clearly passed the loyalty test." Warren called on Republicans to hold off on Warsh's nomination until the Justice Department concludes its investigation into current Chairman Jerome Powell. "Any Republican who claims to care about the Fed's independence should refuse to proceed with this nomination until Trump stops his 'political witch hunt' against current Fed Chair and Governor Lisa Cook," she stated. (Jinshi)