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Trump may sue Fed nominee Warsh over rate pressures; confirmation delayed amid independence concerns.
Treasury Secretary Scott Bessent said President Trump would decide whether to sue Kevin Warsh, his Federal Reserve nominee, if Warsh resists pressure to cut interest rates.
The comment followed Trump’s joking remark about suing Warsh, which he later called a joke.
Bessent emphasized the decision rests with the president, not the Justice Department, amid concerns over political interference.
The Fed’s independence is under scrutiny due to a Justice Department investigation into former Chair Jerome Powell over a $2.5 billion building renovation, prompting Senate Republicans and Democrats to delay Warsh’s confirmation until the probe concludes.
Trump puede demandar al nominado de la Fed Warsh por presiones sobre las tasas; la confirmación se retrasó en medio de preocupaciones sobre la independencia.