|
President Donald Trump's Department of Justice on Friday said that it's backing down in a standoff over the leadership of the Federal Reserve, an announcement that is expected to pave the way for Trump's nominee for Fed chair, Kevin Warsh, to take over for Jerome Powell when his term in that role ends on May 15.
|
|
The move probably paves the way for the Senate to confirm Kevin Warsh, President Donald Trump's pick to replace Powell.
|
|
