The U.S. Senate Banking Committee is set to conduct a hearing on April 16 to review the nomination of Kevin Warsh for the position of Federal Reserve Chair. According to Odaily, a criminal investigation concerning the Federal Reserve is ongoing, examining whether current Chair Jerome Powell provided false statements to Congress regarding costly renovations at the Fed's headquarters. Despite the investigation, the nomination process for Warsh is advancing, potentially leading to a conflict with the Trump administration's parallel initiatives. Committee member Thom Tillis has stated he will not vote to confirm Warsh until the investigation concludes, indicating that U.S. President Donald Trump may face challenges in advancing both processes simultaneously. However, by proceeding with the hearing, Trump appears determined to pursue this goal. The Senate Banking Committee has not yet included the hearing in its public schedule.