#沃什出任美联储主席提名受阻 Warsh's Nomination Failed, Federal Reserve Chair Position May Become Vacant.

On March 12, 2026, Federal Reserve Chairman Powell's term will end on May 15, but his successor Kevin Warsh's nomination has stalled due to opposition from Republican Senator Thillis. Thillis refused to advance any Federal Reserve nominations, citing the unresolved criminal investigation by the Department of Justice into Powell, causing Warsh's nomination to be blocked in the Senate Banking Committee. The current situation is:

1 Procedural Stalemate: In the Senate Banking Committee, although Republicans hold 13 seats (Democrats 11 seats), Thillis' opposition prevents Warsh's nomination from gaining majority support. If the stalemate continues, a vacancy in the chairman position may occur after Powell steps down.

2 Investigation Controversy: The Department of Justice is investigating Powell's testimony regarding the Federal Reserve building renovation project. Thillis believes this constitutes political pressure and insists that nominations not be approved until the investigation concludes, to protect Federal Reserve independence.

3 Time Pressure: Powell's presidential term has only 65 days remaining. Even if the committee approves the nomination, a full Senate vote is still required, making the procedural timeline tight. If confirmation is not timely, the Vice Chairman may temporarily assume the chairmanship.

4 Market Impact: Warsh is viewed as a rate-cut supporter. The nomination stalemate intensifies monetary policy uncertainty and may affect inflation expectations and market stability.

5 Bipartisan Positions: Democrats unanimously oppose Warsh, believing the nomination is Trump's attempt to control the Federal Reserve; Republicans are divided due to Thillis "defecting," highlighting the politicization of Federal Reserve independence disputes.

Therefore, market forecasts show that the probability of rate cuts has significantly decreased!